IDES fixes calculation error impacting thousands of employers across several industries
The Illinois Department of Employment Security (IDES) will issue $15 million in credits to thousands of new employers within eight industries which were incorrectly charged higher unemployment tax rates since 2013.
During routine preparation of tax rates for calendar year 2016, the Department discovered calculation errors in its system program that erroneously inflated average industry tax rates for 2013 through 2015, impacting employers in the administrative, support/waste management, construction, company management, manufacturing, mining, information, transportation/warehousing, and unclassified industries. The Department has corrected the billing rates for any new employers who register in the future. Impacted employers who already paid taxes at the incorrect higher rates will be credited for their overpayments towards their next quarterly contribution.