Immediately following the work that the Minnesota Legislature and Governor Walz did to pass and sign the Unemployment Insurance Trust Fund Replenishment Bill into law, our team kicked into gear on implementing the new policy. Today we’re sharing an important update on our progress.  

Since the law’s passage, the funds appropriated by the legislature have put Minnesota’s Unemployment Insurance Trust Fund back into the black by repaying all advances from the U.S. Treasury. This is a critical step in Minnesota’s economic recovery from the COVID-19 pandemic – and one that offers meaningful tax relief for Minnesota employers. 

In the last week, the Department of Employment and Economic Development (DEED) also: 

• Updated the 2022 tax rates in the UI system 
• Re-calculated the 1st Quarter 2022 tax bills for over 120,000 Minnesota employers  
• Calculated credits resulting from the tax changes and updated UI employer accounts  
• Updated the UIMN website and added an extensive FAQ,  

This week, we’re sending employers a letter with information about the tax changes and credits to ensure everyone has the information they need to move forward. 

If you are a Minnesota employer, the best place to see your updated billing information is in your UI employer account. If your business has any questions about these changes after checking out the FAQ above, you can contact the UI Customer Service team. We will continue our proactive communications with Minnesota employers as we move forward.