The bill focuses on the management and financial projections of the Massachusetts Unemployment Insurance Trust Fund (UITF) from 2024 to 2029. It mandates the Department of Unemployment Assistance (DUA) to maintain an experience rate account for each contributory employer, which tracks contributions and benefits. The bill introduces new legal language that requires the UITF Outlook Report to include a five-year projection of contributions, benefit payments, and fund balance, as well as estimated interest on federal loans and any applicable employer surcharges. The experience rate table will be updated to reflect current contribution rates based on reserve percentages derived from the fund's balance and average wages.

Additionally, the bill outlines specific quarterly forecasts for employer contributions and benefit payments, highlighting significant projected increases in contributions while also noting rising benefit payments. For example, employer contributions are expected to reach approximately $1.37 billion by the second quarter of 2029, while benefit payments are projected to be around -$679.3 million in the first quarter of 2029. The emphasis on these projections, which are based on actuarial methodologies, aims to provide stakeholders with a clearer understanding of the UITF's financial health and future sustainability.