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CCH® UNEMPLOYMENT INSURANCE — 10/21/16

South Carolina amends its UI regulations regarding trust fund solvency

South Carolina has amended its Department of Employment and Workforce regulations as follows:

Trust fund solvency. This regulation provides details on how the income necessary to be raised each year to set state unemployment insurance tax rates will be determined based on economic conditions. In addition, the initial rebuilding period remains at five years, but any and all subsequent rebuilding periods will be four years.