A power of attorney is necessary for an employer representative to receive confidential information and to perform any and all acts the employer can perform relating to all matters pertaining to the Vermont Unemployment Compensation Program. The power of attorney should be an original form and should contain information which is complete and verifiable through the division's records. All covered employers paid a state unemployment tax rate of 2.7 until 1941. Under this plan, the number of unemployment benefit payments affects the tax rate. As more benefit payments are made to former employees, the employer is placed in a higher tax rate.
Experience rating is more than a tax reduction scheme.
Supply information needed to prevent benefit payments to ineligible persons. The original plan, even after it was modified, proved inadequate to maintain the reserve fund at a safe level. How this complex system affects employers is outlined below. More detailed information can be obtained on request. Unpredictable changes in the economy and in a business's fortunes make it impossible to forecast tax rates.