Keep Your UI Rate Low

Did you know that the Colorado Department of Labor and Employment (CDLE) requires all employers with at least one employee to carry Unemployment Insurance (UI)?  UI is a state pool funded by employers to pay employees who find themselves in need of financial assistance while between jobs.

Every new business is assigned a beginning rate.  If a business has a low claim history, their reserve pool builds up; however, as claims are awarded their reserves are drawn down. CDLE reviews each business annually and assigns a new rate based their reserves. As an employer’s reserves increase,…