The potters herald. [volume] (East Liverpool, Ohio) 1899-1982, 1939-06-15
Stutus Of Fund
Given By B. U.C.
Nine and One-Hulf Million
Paid Out Since End
Of January

ceived during the first calendar quar-
ter of 1889 payrolls, paid by Ohio's
covered employers to the Bureau Of
Unemployment Compensation, swelIed
the state jobless insurance fund to
S116,353,243 as of May 81. This in
cludes $2,946,603 interest received on
the B. u. C. fund deposited in the U.
S. treasury, H. c. Atkinson, BUG Ad-
ministrator reported today. Reports
and contributions for the first calendar
quarter of this year were due May l.
Since benefit payments were actual
jly started January 81 of this year,
more than $9,500,000 has been paid to
approximately 120,247 eligible work
ers. Average amount Of weekly checks
during the first five months of 1899
for total unemployment was $1O.O5,
and for partial unemployment, s5.O7.
During the past five months, the
Ohio unemployment compensation fund
has increased by more than $18,469,-
100.
The Administrator tentatively esti-
] mated that the Bureau will pay out
about $30,000,O00 during this year.
Also, it is expected that the Buc fund
will approximate $l25 100000 by De-
cember 81, 1889.
If these figures are realized, this
would mean an increase of about
twenty-seven million dollars in the
fund at the end Of this year as COM
pared with the January l balance.
The Ohio unemployment compensa-
tion fund is raised by a contribution
of 2.7 per cent based upon employers
payrolls. Administration of the sys-
tenn is paid for out Of funds supplied
by the Federal government, out Of it's
collection of three-tenths of one per
cent of employers payroll tax, max
ing a total tax of 3 per cent for each
subject employer. This means that,
under the provisions Of the Social Sc
curity Act, the Ohio Bureau of Unem-
ployment Compensation is authorized
to collect 80 per cent of the three per
cent payroll "tax," while the remain
ing 10 per cent is paid as excise tax
direct to the Federal government by
the employer. In turn, the Congress
makes appropriations to the Social Sc
curity Board; then the Board makes
grants to the individual states for op-
Grafton of their unemployment insur-
ance agencies.
Ohio's unemployment compensation
tax started at nine-tenths of one per
cent in 1886, increased to 1.S per cent
in 1887, and raised to 2.7 per cent in
1898. Under the law, the contribution
rate will remain at 2.7 per cent until
1912, when provisions Of the automatic
merit rating will become effective.
Employers merit rates in 1912 will be
figured upon their individual employ
ment records.
Of the hundreds of applications for
unemployment compensation benefits
received at the BUG state headquar-
ters in Columbus, about IS per cent
are allowed, leaving Is per cent dis
allowed. The national average was
81 per cent approved and 19 per cent
rejected, during, the first quarter of
1889.
Applications are disallowed at the
BUG headquarters for various reasons.
For instance, if the applicant has not
worked in at least twenty weeks of
the fifty-two weeks Immediately pre-
ceding date of his claim, and for an
employer covered by the Act, he is not
eligible for benefits. Anyone unem-
plOyed because of a strike is not elipi-
BILE.
March claims for benefits number
22,243. ApriIs total increased to 49,
944, largely as result of the coal
strike, and the total for May was
30,071.
whether the Bureaus estimate of
$3O,000,0OO for unemployment COM
pensation in 1889 proves to be accurate