2015 marks 80 years since unemployment insurance was signed into law by President Franklin D. Roosevelt. In 1935, the United States of America was plagued with retired and laid off workers due to its economic instability during the Great Depression. Unemployment insurance benefits were created as part of the Social Security Act to address the needs of those workers during temporary phases of unemployment. Thirty-seven years later, in 1972 Congress required nonprofits to cover their employees for Unemployment benefits (governmental employees became covered in 1976). Since its inception, Unemployment insurance has compensated millions of Americans in the for-profit and nonprofit sectors who became unemployed through no fault of their own.
In recognition of Unemployment Insurance’s 80th anniversary, the following brief time line illustrates the history of unemployment insurance and First Nonprofit Group’s commitment to helping nonprofits and governmental agencies properly fund this risk.
Content presented by First Nonprofit Group, the leading provider of state unemployment insurance solutions for 501(c)(3) nonprofit employers
