The bill updates the regulations governing the Unemployment Insurance Trust Fund (UITF) in Massachusetts, specifically focusing on employer contributions and the calculation of reserve percentages. It introduces new legal language that establishes an experience rate table, which outlines contribution rates based on employers' reserve percentages, including minimum and maximum rates and various percentage brackets. Additionally, the bill confirms that Schedule E is in effect for the calendar year 2026, as previously legislated. It also mandates the inclusion of a five-year projection in the UITF Outlook Report, which will detail contributions, benefit payments, and the UITF balance for each calendar year, along with projections of federal loans, interest owed, and employer surcharges.

Furthermore, the bill emphasizes the importance of using reliable data sources for these projections, including economic forecasts and labor statistics, to ensure the solvency of the UITF. It outlines projected outflows from the UITF for the years 2025 to 2030, detailing quarterly benefit payments, with the highest projected outflow occurring in the second quarter of 2029 at -$638.2 million. The report, titled "Unemployment Insurance Trust Fund Quarterly Outlook Report January 2026," will provide updated insights into the fund's financial status and highlights the need for ongoing monitoring of outflows to maintain the sustainability of the UITF and inform future legislative actions related to unemployment benefits.