MONTPELIER, Vt. (AP) - The Vermont Department of Labor says a number of the state’s businesses are going to be getting refunds because of improperly calculated interest on past-due balances for unemployment insurance and health care assessments.
Commissioner Lindsay Kurrle says a decade-old coding error resulted in the interest overpayments.
The coding error existed as far back as 2008. Since that time, the state has collected about $26,000 in total interest overpayments.
A business with a past-due balance of $1,000 for an entire year would have overpaid $2.50.
Businesses that overpaid in the last three years will received a refund. Businesses that overpaid prior to 2014 should call the department for assistance.
The coding problem has since been corrected.
Please read our comment policy before commenting.