DETR grants Nevada businesses relief from ratings damage caused by pandemic

by Geoff Dornan

Businesses hit with huge numbers of jobless claims during the pandemic won’t see their unemployment insurance premiums increase, officials announced this week.

Businesses pay those premium rates based on their experience, with businesses that have large turnover paying more than those with little turnover.

The Nevada Department of Employment, Training and Rehabilitation announced Tuesday that for the last three quarters of 2020 and the first two quarters of this year, businesses won’t suffer the impact those claims would otherwise have on their rates.

DETR Director Elisa Cafferata said the huge number of claims filed because of pandemic shutdowns would have a major impact on the experience ratings of Nevada businesses.

Read the entire article in the NNBW: https://www.nnbw.com/news/2021/jun/18/detr-grants-nevada-businesses-relief-ratings-damag/