What Are The Eligibility Requirements For A Reimbursement Account?
An organization must be defined as nonprofit as described in section 501(C)(3) of the Internal Revenue Code and be exempt from Income tax under section 501(A) of the Internal Revenue Code to be eligible to become a reimbursement account.
A nonprofit organization that elects to reimburse the unemployment trust fund for benefits paid to its former employees is required to furnish proof of financial responsibility or file a surety bond with the New Jersey Department of Labor.
A newly subject employer must submit a written notice of intention to apply for the reimbursement option to the Division of Employer Accounts within 120 days of the date status is attained, or no later than 30 days from the date on which such an organization is notified of its subjectivity, whichever is later.
After reporting a nonprofit contributory employer for a minimum of two calendar years, you may choose the reimbursement option of benefit payment by filing a written notice to that effect with the Division of Employer Accounts no later than February 1 of any calendar year.
For additional information, please contact the Division of Employer Accounts, Employer Status Unit.
The information on this page is meant to provide a general overview of the law. The laws in your state and/or city may deviate significantly from those described here. If you have specific questions related to your situation you should speak with a local attorney.
Additional Employment Law for Employees Articles
- What is the minimum wage in New Jersey?
- When Is Overtime Pay Due?
- What Can I Do If My Employer Does Not Pay Me All The Money I Am Owed?
- How Often Must An Employee Be Paid?
- Are Employers Required To Pay Benefits (Vacation, Sick, Severance, Holiday Pay)?
- Can My Employer Fire Me Without Reason Or Notice?
- Am I Entitled To Rest Or Lunch Breaks?
- When Does An Employer Have To Pay Final Wages To A Terminated Employee?
- Are All Employees Working In New Jersey Covered By The Laws Enforced By The Division Of Wage And Hour Compliance?
- Is An Employment Certificate Required For Employment Of A Minor?
- Are Certain Occupations Prohibited For Minors?
- Are There Limits On The Hours That A Minor May Work?
- What Are The Eligibility Requirements?
- How Do I File An Initial Claim For Unemployment Benefits?
- What Is The Weekly Benefit Amount?
- How Do I File For Continued Weekly Benefits?
- Are Unemployment Benefits Taxable?
- What Will Happen If I Am Overpaid?
- What Can I Do If I Disagree With A Denial Of Benefits?
- What Are The Criteria That Determine Liability For Unemployment Taxes?
- As An Employer, What Are My Responsibilities For Tax And Wage Reporting?
- How Do I Receive The Quarterly Reports I Must File?
- What Specific Information Is Required From Employers On Wage Reports?
- How Are Unemployment Benefits Charged To My Account?