The memorandum provides an update on the Massachusetts Unemployment Insurance Trust Fund (UI Trust Fund) as of February 28, 2026. The preliminary ending balance of the fund is reported to be $1.14 billion, with year-to-date employer contributions totaling $118.20 million. Additionally, the Department of Unemployment Assistance (DUA) has disbursed $483.38 million in benefits for regular unemployment insurance, covering 179,831 initial and continuing claims. The memorandum also notes that an agreement between the Commonwealth and the U.S. Department of Labor was reached on January 17, 2025, which resolved any outstanding liabilities related to pandemic unemployment insurance overdraws from federal programs established during the COVID-19 pandemic. The first payment under this agreement was made on December 1, 2025. Furthermore, data visualizations of the UI Trust Fund from February 2025 to February 2026 are available at Mass.gov/UITrustFund.