Unemployment Insurance Debt – South Carolina

South Carolina pays off $1B unemployment debt to federal government, By Seanna Adcox (AP), June 11, 2015, Post and Courier: “South Carolina‚Äôs unemployment agency has paid off its nearly $1 billion debt to the federal government, five months ahead of schedule. Gov. Nikki Haley announced that the Department of Employment and Workforce made a final payment Thursday of $120 million. Early payments over the past four years have collectively saved businesses nearly $13 million in interest, while also reducing their insurance taxes…”

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