Connecticut to Adjust Unemployment-Taxable Wage Base Calculation

Connecticut’s unemployment-taxable wage base is to increase in 2024 and may be adjusted annually starting in 2025, under a measure signed July 12 by Gov. Ned Lamont (D).

Under the measure (H.B. 6633), effective Jan. 1, 2024, the wage base is to increase to $25,000 from $15,000. Effective starting with the wage base determined for 2025, the wage base is to be indexed for inflation.

The measure also is to temporarily change the look-back period used to calculate employers’ unemployment experience ratings.

The experience period generally consists payroll and unemployment benefit-charge data from the three consecutive years preceding ...