HERBERT R. O'CONOR, GOVERNOR. 491

four calendar years immediately preceding the computation
date for that fiscal year equals or exceeds f 150.

No employer's rate shall be less than 2. 7 per cent for any
fiscal year if his total annual payroll in the calendar year
immediately preceding such fiscal year exceeded 150 per cent
of his total payroll in the calendar year 1940.

(4) The Board shall for the fiscal year beginning July 1,
1943, and for each fiscal year thereafter, determine the con-
tribution rate of each employer who has met the requirements
specified in Sub-section (e) (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 expressed as a percentage.

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

(A) 0. 9 percent if such benefit ration is less than 0. 5 per-
cent.

(B) 1. 2 percent if such benefit ratio equals or exceeds. 5
percent but is less than. 8 percent.

(C) 1. 5 percent if such benefit ratio equals or exceeds. 8
percent but is less than 1. 1 percent.

(D) 1. 8 percent if such benefit ratio equals or exceeds 1. 1
percent but is less than 1. 4 percent.

(E) 2. 1 percent if such benefit ratio equals or exceeds 1. 4
percent but is less than 1. 7 percent.

(F) 2. 4 percent if such benefit ratio equals or exceeds 1. 7
percent ^but is less than 2. percent.

(G) 2. 7 percent if such benefit ratio equals or exceeds 2.
percent.

(5)If an employer subject to this Article shall transfer his
entire business, by sale or otherwise, to another employing
unit, the Board shall combine the experience-rating records of
the two employing units, and shall for purposes of rate de-
termination transfer to the successor employer the pay roll
record and the benefit charges of the predecessor.