OPSUCA Deposit Account

When your school joins OPSUCA, you are asked to make a monetary deposit. We have a bifurcated membership depending on the size of your school.

If you employ less than 1000 employees, then you will be asked to deposit $5,000 upon joining. Your deposit is placed into an account which is invested by the OSSBA CFO, Martha Stewart, who also manages the OPSUCA accounts. The deposited money in your account belongs to your school, not OPSUCA. OPSUCA pays your unemployment costs and deducts administrative fees out of this account. Since the deposit is invested, it gains interest, which normally covers your administrative fees. If your deposit is depleted below the recommended funding level, you will receive a detailed invoice indicating what amount is owed.

On the other hand, if your school employees 1000 or more employees, then you may choose a service-only option through which your school will continue to make its quarterly payments to the OESC but you would reap the benefits of all other OPSUCA services for the same low fee.