The Unemployment Services Trust is a grantor trust created by and for nonprofit organizations. Rather than subsidizing the unemployment claims of for-profit companies, UST members pool their resources to pay only the claims incurred by their members. Elected governing Trustees are CEOs and CFOs of member organizations . To continue low rates, the Unemployment Services Trust's underwriters accept only organizations with reasonable claims experience.
Eligible organizations opt out of their state's unemployment tax system.
They make quarterly contributions directly to the Trust. The Trust handles claims payments for the organization.