Risk Accounting

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Unemployment Compensation Insurance

Unemployment Compensation Insurance (UCI) is an employer-paid insurance program to assist workers who are unemployed through no fault of their own. It provides temporary financial assistance to qualified individuals while they search for other work.

The US Congress passed legislation in 1970 requiring states to cover employees of state hospitals and state institutions of higher education under their respective unemployment insurance acts. In 1971, the Texas Legislature passed legislation to provide unemployment compensation insurance coverage for all states employees. Following this legislation, The University of Texas System (the UT System) UCI program was established.

In accordance with The Board of Regents Rules and Regulations, it is the responsibility of the UT System Office of Risk Management (ORM) to administer an UCI program and fund to pay claims.

As a reimbursing employer, the UT System reimburses the State Unemployment Trust Fund for any claims paid by the Texas Workforce Commission (TWC) to former employees of the UT System in lieu of paying UCI taxes. ORM reimburses TWC on a quarterly basis and monitors the monthly receipt of UCI premiums from the UT System Institutions.

 

Contact

Phillip B. Dendy
Director of Risk Management
512.499.4578

Cindy Carrillo
Accounting Group Supervisor
512.499.4654

 

 

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  • © 2009 The University of Texas System
  • Office of Risk Management 220 W. 7th Street, Austin, TX 78701 Phone:512.499.4655 Fax:512.499.4524