Legally Required Benefits: New York
Federal law and guidance on this subject should be reviewed together with this section.
Author: Nancy Hatch Woodward, Nancy Hatch Woodward Communications
- Employers finance unemployment insurance with state and federal tax contributions. See New York Unemployment Insurance.
- New York's taxable wage base is greater than that required by the Federal Unemployment Tax Act (FUTA). See New York Unemployment Insurance.
- Most employers in New York are subject to New York's Unemployment Insurance Law. See New York Unemployment Insurance.
- Claimants must meet certain requirements in order to be eligible for unemployment benefits. See Eligibility.
- Employers need to comply with posting, notification and reporting requirements. See Employer Responsibilities.
- Employers who pay their unemployment taxes late may find their rates increased. See Reporting Requirements.
- Employers have an opportunity to control unemployment costs. See Controlling Unemployment Costs.