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Session Laws, 1964
Volume 672, Page 59   View pdf image (33K)
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J. MILLARD TAWES, Governor

59

Ratio between fund balance
on computation date and total
taxable wages for prior year

up to 2%
2% to 4%
over 6% to 7%
over 7% to 8%
over 8% to 9%
over 9% to 10%
over 10%

Contribution Schedule

alternate rate table A
alternate rate table B
alternate rate table C
alternate rate table D
alternate rate table E
alternate rate table F
alternate rate table G

Employer's Benefit
Ratio

Alternate Rate Table

.0000-

.0001-

.0003-

.0031

.0061-

.0091

.0121

.0151

.0181

.0211

.0241

.0271

.0301

.0000
.0002
.0030
.0060
.0090
.0120
.0150
.0180
.0210
.0240
.0270
.0300
& over

2.7%
3.0%
3.3%
3.6%
3.6%
3.6%

3.6%
3.6%
3.6%
3.6%
3.6%
3.6%
3.6%

B

0.3%

0.6%
0.9%

1.2%
1.5%
1.8%
2.1%
2.4%
2.7%
3.0%
3.3%
3.6%
3.6%

C

0.0%
0.0%
0.3%
0.6%
0.9%
1.2%
1.5%
1.8%
2.1%
2.4%
2.7%
3.0%
3.3%

D

0.0%
0.0%
0.0%
0.3%
0.6%
0.9%
1.2%
1.5%
1.8%
2.1%
2.4%
2.7%
3.0%

E

0.0%
0.0%
0.0%
0.0%
0.3%
0.6%
0.9%
1.2%
1.5%
1.8%
2.1%
2.4%
2.7%

F

0.0%
0.0%
0.0%
0.0%
0.0%
0.3%
0.6%
0.9%
1.2%
1.5%
1.8%
2.1%
2.4%

G

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.3%
0.6%
0.9%
1.2%
1.5%
1.8%
2.1%

(4) Notwithstanding the provisions of sub-section (c) (3) of this
section, the rate set forth in the table of basic rates or alternate rate
tables, as the case may be,
shall be subject to adjustments [in ac-
cordance with the following provisions] as follows:

[i] On March 31, [1960] 1964, and on each computation date
thereafter, the Executive Director shall compute for the immediately
following fiscal year an adjustment percentage. Such adjustment
percentage shall be the quotient of the total benefits which were
either noncharged or ineffectively charged to all employers' ex-
perience-rating records during the 36-consecutive-calendar-month
period ending on the computation date divided by the total taxable
wages paid during the three-consecutive-calendar-year period ending
on December 31 of the calendar year immediately preceding such
computation date by all employers subject to this article, which
wages were reported to the Executive Director, rounded to the
nearest one tenth of one (1) percent. Contributions at a rate equal
to such adjustment percentage so computed shall be paid by each
employer subject to this article and shall be in addition to any
other contributions payable under this article. For the purposes
of this sub-paragraph, the term "ineffectively charged benefits"
shall include all benefits charged to any employer's experience-rating
record after the previously charged benefits to such record were
sufficient to qualify him for the maximum contribution rate as set
forth in the table of basic rates in sub-section (c) (3) (ii) of this
section, and the term "noncharged benefits" shall include all benefits
which were not charged or chargeable to any employer's experience-
rating record [pursuant to the provisions of] under the law as

 

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Session Laws, 1964
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