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 $640 million. 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.