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Causes: Supplemental Unemployment Compensation
Mission: To supplement state unemployment benefits, not to replace or duplicate them, for covered employees of cold spring construction company while on layoff.
Programs: 83 employees of cold spring construction company were covered during the current year. The objective is to cover all eligible employees of cold spring construction company with supplemental unemployment benefits while on layoff.
in no event shall trust funds be used to pay administrative costs to the extent such costs exceed trust earnings during a plan year in which such cost are incurred. Therefore, excess administrative cost are reimbursed by the employer.