Unemployment Services Trust
501(c)(3)s have a unique exemption. They can elect to stop paying SUI taxes. Instead they pay only for their own unemployment claims, dollar-for-dollar. The New York Association of Alcoholism & Substance Abuse Providers, Inc. (ASAP) is proud to announce its recommendation of Unemployment Services Trust (UST) as a member benefit.

How Does it Work?
The Unemployment Services Trust was formed by nonprofits to help 501(c)(3)s with 10 or more employees safely leave the state unemployment tax system, then build an account to pay only for claims as they occur.

• You own your savings account so it remains an asset on your books – not a tax.
• Expert claims representatives continually monitor your claims so you don’t
  pay unwarranted costs.
• Unlike insurance, if after a few years your claims are lower than expected and your account is adequately funded, you can get a portion of your account balance refunded.

Why Unemployment Costs Can’t Be Ignored

• States across the U.S. have borrowed more than $50,903,322,898 to cover unemployment
  fund deficits, which employers will have to help repay.
• States paid 11.2%, or $5 billion in unemployment benefits in error in 2010-2011 .
• Employers in the U.S. pay an average $2.00 in taxes for every $1.00 paid out in
  unemployment benefits.

ASAP members that want to avoid potentially paying higher unemployment taxes now and next year, should consider Unemployment Services Trust. Unemployment Services Trust is currently serving more than 2,100 nonprofit organizations nationwide.

Participation in Unemployment Services Trust Features:

• A solid 25-year history of success helping nonprofit organizations
  manage their unemployment costs.
• The lowest administrative expenses of its competitors.
• Stability with an asset base of more than $82 million.
• Expert leadership from an elected group of trustees.
• Guidance from strategic partners.
• Sponsorship by more than 60 national and state associations.

For additional information about UST, please visit UST website at www.chooseUST.org or call toll-free at 1-888-249-4788 to get a free information packet on the advantages of Unemployment Services Trust. UST provides this information at no cost or obligation to ASAP members.