MCN Partners and Cost-Saving Programs
Unemployment Services Trust (UST)

What is Unemployment Services Trust?
UST is a Grantor Trust, created, managed, and owned by the member nonprofit agencies. Its sole purpose is to lower unemployment costs for its members.

What can I save?
30%-50% over the long term.
You can stop subsidizing companies with higher claim utilization whose employment costs are capped by the state's maximum tax rate. You own your account and the investment return on your portion of the Trust Assets.

What does moving to the Trust mean to my employees?
Your employees continue to access unemployment benefits directly through the state as always. No eligibility or benefit levels are changed.

Who is eligible?
501(c)(3) organizations with 10 or more employees.

Is this a new program? 
No, the Trust has been around since 1983. Today, it opperates in every state, has 1870 participating agencies covering 150,000 employees. 2001 assets exceed $65 million.

Can I opt out of the State Tax System at any time?
No, you area only allowed to leave the state once a year, in Minnesota they can leave before November 30 for the following year.

Member Benefits:

• You save money!
• The Trust's Claims Monitor audits all claims for accuracy and will assist you with protests, hearings and other issues relating to termination policies and unemployment benefits.
• You have the protection of stop loss insurance, bonds and the consolidated Trust assets of over $65 million.
• Risk management and educational seminars and Web sites are available to all levels of your risk management and supervisory staffs.

To learn more visit the UST Web site at www.chooseust.org for an online quote. 

Return to all MCN Partners and Cost-Saving Programs.