The Unemployment Services Trust (UST) is an unemployment cost savings program that is owned and directed by its nationwide membership of more than 2,100 nonprofit organizations. Through the Trust, agencies directly reimburse the state only for the claims of their former employees, rather than subsidizing larger, for-profit companies by paying the state unemployment insurance tax. Participating agencies are only responsible for their own claims, and own their individual account balance, on which they earn interest.
Most 501(c)(3) organizations benefit from participation in UST, particularly organizations with 10 or more employees. UST members save 50% off their unemployment taxes during their first two years of participation in the Trust, and a typical member continues to save approximately 30%.
Distinct advantages:
In the first two years of participation, organizations get a guaranteed discounted contribution rate
All unemployment claims are audited - any claim without merit is challenged
Free annual training seminars on employment law are offered to members
Liability is not pooled - UST members pay only the claims incurred by their former employees
UST has more than 2,100 members nationwide, representing the full spectrum of nonprofits.
Watch this three-minute video for more information.
NH Center for Nonprofits - 84 Silk Farm Road, Suite 1 - Concord, NH 03301 Phone: 603-225-1947 - Fax: 228-5574 -
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The Unemployment Services Trust (UST) is an unemployment cost savings program that is owned and directed by its nationwide membership of more than 2,100 nonprofit organizations. Through the Trust, agencies directly reimburse the state only for the claims of their former employees, rather than subsidizing larger, for-profit companies by paying the state unemployment insurance tax. Participating agencies are only responsible for their own claims, and own their individual account balance, on which they earn interest.