The bill focuses on the management and financial projections of the Massachusetts Unemployment Insurance Trust Fund (UITF) through 2029. It mandates the Department of Unemployment Assistance (DUA) to maintain an experience rate account for each contributory employer, which tracks contributions and benefits. New resources for employers are introduced, including a guide on unemployment insurance and a detailed experience rate table. The bill also requires the UITF Outlook Report to include a five-year projection of contributions, benefit payments, and fund balance, emphasizing the need for accurate economic forecasts based on various data sources.

Additionally, the bill incorporates new legal language that outlines detailed quarterly forecasts for employer contributions and benefit payments, projecting significant increases in both areas over the coming years. For example, employer contributions are expected to rise to $1,371.0 million by the second quarter of 2029, while benefit payments are projected to reach -$679.3 million in the first quarter of 2029. The anticipated growth in the civilian labor force is also noted, with projections estimating it will reach approximately 3,970 thousand by the end of 2029. This comprehensive approach aims to enhance the financial stability of the UITF and ensure it can adequately support unemployed workers in Massachusetts.