According to figures just released by the Christie administration, anti-fraud initiatives that have been in place for the past few years have saved the Unemployment Insurance Trust Fund more than. And that, according to the New Jersey Department of Labor and Workforce Development, has triggered a $1 billion tax cut for New Jersey employers over the next five years.
Among the methods use to detect fraud: cross-checking unemployment insurance lists against the National Directory of New Hires to determine if people collecting benefits had already returned to work. That practice has saved more than $525 million to date. Software installed to detect claims being illegally filed from foreign IP addresses saved another $80 million.