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Session Laws, 1947
Volume 411, Page 881   View pdf image (33K)
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WM. PRESTON LANE, JR., GOVERNOR. 881

vices for him prior claims or rights to the amounts paid by
the employer into the fund.

If the claimant earned 75% or more of his base period
wages from the principal base period employer, all benefits
paid to such individual shall be charged against the ex-
perience rating record of his principal base-period employer
(as defined in sub-section (c) (8) of this section). If the
claimant earned less than 75% of his base period wages from
the principal base period employer, all benefits paid to such
individual shall be charged on a pro rata basis to all base
period employers. The percentage of the charge to each base
period employer shall be in the same proportion as the mount
of wages paid to the claimant by each such employer is to the
total amount of wages received by the claimant during the
base period, and shall be computed as a whole number without
decimals.

(2) The standard rate of contribution payable by each
employer shall be 2.7 per cent.

(3) No employer's rate shall be varied from 2.7 per cent
for any fiscal year unless and until his experience-rating
record has been chargeable with benefits throughout the 36-
consecutive-calendar-month period ending on the computa-
tion date (as defined in sub-section (c) (8) of this
Section), and unless and until each of his annual pay rolls,
as defined herein, during the four calendar years immediately
preceding the computation date for that fiscal year equals
or exceeds $150.00.

(4) The Board shall for the fiscal year beginning July 1,
1947 and for each fiscal year thereafter, determine the
contribution rate of each employer who has met the require-
ments specified in sub-section (c) (3) of this Section, on the
basis of his experience-rating record, in the following manner:

(i) The Board shall compute a benefit ratio for each such
employer which shall be the quotient obtained by dividing
the total benefits chargeable to his experience-rating record
which were paid within the 36-consecutive-calendar-month
period ending on the computation date by the total of his
annual pay rolls for the three calendar years immediately
preceding that computation date. Such benefit ratio shall
be computed to the fourth decimal point, and shall be ex-
pressed as a percentage.

(ii) The contribution rate of each employer for whom a bene-
fit ratio is computed shall be:

(A) 0.3 if such benefit ratio exceeds-zero per cent but does
not exceed 0.3 per cent.

 

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Session Laws, 1947
Volume 411, Page 881   View pdf image (33K)
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