At its October 28, 2024 regular meeting, the Board of Directors of the VLCT Employment Resource and Benefits (VERB) Trust voted unanimously to:
- decrease 2025 contribution rates for the Unemployment Insurance (UI) Trust by an overall 12 percent from 2024 rates*,
- return $100,000 of member equity (surplus) to members as credits toward their 2025 contributions*, and
- appoint Director Bryan Young to be Vice President of the VERB board to fill the vacancy created when Kathleen Ramsay left the board in order to become a VLCT employee.
*Readers will please note that specific rates and costs for individual UI Trust members will vary.
Bills for 2025 coverage will be sent by the end of November.