Glastonbury CT, May 9, 2013 – In keeping with their corporate mission to educate the UI marketplace nationally, UTCA introduced the first of it’s kind employer program; Clearing the Fog, Avoiding the Unemployment Cost Trap, in Glastonbury, CT at the Hilton Garden Inn Conference Center. Employer participants learned how to better manage their unemployment programs using objective key metrics introduced to the market by UTCA. The program also reviewed effective measures to avoid new penalties associated with the Trade Adjustment Assistance Extension Act (TAAEA), including improving vendor accountability, transparency and contractual protections necessitated by this new federal mandate.
Tim Phelan, VP Client Services & Chief Legal Counsel for UTCA, presented the program on the federally mandated TAAEA changes to be implemented by October 21, 2013. “Vendors in our space will now be required to adhere to TAAEA changes or further risk migrating costs and penalties to their clients. Employers, who operate under the false assumption their TPA’s are safeguarding their best interests, despite glaring process errors and record overpayments, will be at greatest risk” warned Atty. Phelan.
“This program was extremely informative! The focus on the Trade Adjustment Assistance Act of 2011 and how to control costs was invaluable. Tim Phelan presented the topics in a way that all participants understood” commented Denise Thomas, VP Manager, HR Services & Operations at Webster Bank. Exit surveys overwhelming indicated this program would be “highly recommended” to others and was consistently defined as “important” to the employer community. UTCA will present this program in 5 northeast states in the first segment of a national employer outreach during 2013.
UTCA assists clients in reducing the costs and complexities of managing their unemployment compensation programs, utilizing a unique preemptive approach to managing unemployment costs. Our service program provides unparalleled customer solutions earning us the reputation as the “trusted advisor” in the field of unemployment cost management. For more information please visit www.utcainc.com.