July 19, 2004
"Definitions of Unemployment Insurance on the Web:
1. Insurance against loss of income due to unemployment. It is funded by
payroll taxes and subject to control by both the federal and state
governments. Individuals who are willing and able to work qualify for this
insurance by working at a job in an eligible classification, earning a
minimum amount of money, and being subject to involuntary unemployment. (G)
www.insweb.com/learningcenter/glossary/general-u.htm
2. Government sponsored protection to assist workers who have been laid off
or even quit their jobs through no fault of their own. The unemployment
income lasts only a few months. This insurance represents a significant
contribution on the part of an employer as a percentage of employees' gross
wages.
www.topechelon.com/employers/contracting_glossary.htm
3. Insurance programs (usually public) that provide replacement income to
individuals who have been temporarily or permanently terminated from
employment (usually involuntarily, that is, voluntary quits are generally
not covered).
www.ilru.org/ideas/pages/glossary.htm
4. Another form of income protection, but one that does not cover any form
of sickness, injury or disability. The purpose of this type of policy is to
replace income lost through a short to medium term period of redundancy. It
provides you with a monthly tax-free income to cover a portion of your lost
earnings. It is often sold in conjunction with the accident, sickness and
disability element of income protection policies, in which case it is known
as Accident, Sickness and Unemployment (ASU).
www.a-mortgages-website.co.uk/glossary/mortgage-jargon-u.asp
5. A form of income protection, if you become unemployed.
www.mortgages.co.uk/glossary/u.html
6. A government program that partially protects workers' incomes when they
become unemployed (pg. 26)
lms.thomsonelearning.com/hbcp/glossary/glossary.taf
7. Insurance against loss of income due to unemployment. It is funded by
payroll taxes and subject to control by both the federal and state
governments. Individuals who are willing and able to work qualify for this
insurance by working at a job in an eligible classification, earning a
minimum amount of money, and being subject to involuntary unemployment.
www.nv-insurance.com/GlossaryU.htm
8. (UI) Social insurance benefit that protects workers against loss of
income due to involuntary and temporary job loss, financed through a payroll
tax paid by employers. Established as part of the Social Security Act of
1935. Administered at the state level. Benefits vary across states.
www.childpolicyintl.org/glossary.htm
9. Compensation plans by which federal and state governments provide money
to workers who've lost their jobs through no fault of their own. The federal
Social Security Act of 1935 set up this system. Employers pay federal and
state taxes to support unemployment systems. The amount employers pay
depends on their wages, the amount they've contributed to the fund, and the
amount their former employees have drawn from it.
hffo.cuna.org/glossary.html
10. Insurance against loss of income due to unemployment. It is funded by
payroll taxes and subject to control by both the federal and state
governments. Individuals who are willing and able to work qualify for this
insurance by working at a job in an eligible classification, earning a
minimum amount of money, and being subject to involuntary unemployment.
tygof.com/glossu.htm
(See: unemployment compensation.)
www.imethodsusa.com/researchcenter/glossaries/life&health/Ulhgloss.html
With Regards,
Tony
Moderator"
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