CARSON CITY, NV – The Department of Employment, Training and Rehabilitation (DETR) announces that with just over $1 billion in the Unemployment Insurance (UI) Trust Fund, unemployment benefit payment reserves are continuing to build toward recommended levels. This is being accomplished without raising employers tax rates, supported by overall low levels of claims being filed.
Unemployment insurance (UI) trust fund finances the costs of unemployment insurance programs and benefits. The money in the fund comes from UI contributions that employers pay every quarter.
DETR has sufficient funds to pay benefits at the current rate through November 2025.
“Reaching $1 billion is another milestone as we continue to prepare for the future without increasing the tax rates employers are paying into the unemployment system. Keeping rates predictable for employers is one way we can help them feel confident in hiring workers,” said Employment Security Division Administrator Lynda Parven.