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Session Laws, 1971
Volume 707, Page 1597   View pdf image
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Marvin Mandel, Governor

1597

ments set forth below, but in no event shall an employer be granted
less than an 0.1% nor more than 3.6% rate in any fiscal year.

For the purposes of this subsection, the term "fund balance"
means the total amount available for benefits in the unemployment
insurance fund, including amounts receivable by the fund as Federal
reimbursements for shamble benefits under the "Federal-State Ex-
tended Unemployment Compensation Act of 1970" and all amounts
receivable from any eligible employer who elects to reimburse the
fund for benefit charges to his account in lieu of contributions
and
the term "total taxable wages" means the wages paid in a calendar
year by all employers subject to this article, which wages were
subject to contributions and reported to the Executive Director.

[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

.0000-.000

.0001-.0002

.0003-.0030

.0031-.0060

.0061-.0090

.0091-.0120

.0121-.0150

.0151-.0180

.0181-.0210

.0211-.0240

.0241-.0270

.0271-.0300

.0301 and 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%

Alternate Rate Table
C D E

0.1%
0.1%
0.3%
0.6%
0.9%
1.2%
1.5%
1.8%
2.1%
2.4%
2.7%
3.0%
3.3%

0.1%
0.1%
0.1%
0.3%
0.6%
0.9%
1.2%
1.5%
1.8%
2.1%
2.4%
2.7%
3.0%

0.1%
0.1%
0.1%
0.1%
0.3%
0.6%
0.9%
1.2%
1.5%
1.8%
2.1%
2.4%
2.7%

F

0.1%
0.1%
0.1%

0.1%
0.1%
0.3%
0.6%
0.9%
1.2%
1.5%
1.8%
2.1%
2.4%

G

0.1%
0.1%
0.1%
0.1%
0.1%
0.1%
0.3%
0.6%
0.9%
1.2%
1.5%
1.8%
2.1%]

SCHEDULE OF BASIC RATE ADJUSTMENTS

When Ratio Between Fund Balance
on Computation Date and Total
Taxable Wages for Prior Year is
A Up to 2%
B 2% but less than 3 2.5%
C 3 2.5% but less than 4 3%
D 4 4.5% but less than 4.5 5%

E   5.5 5% but less than 6%

F   6% but less than 7%

G    7% but less than 8%

H   8% but less than 9%

I    9% or over

Employer's Contribution
Basic Rate Shall
Increase by 2.7%
Increase by 1.5%
Increase by 0.6%
Increase DECREASE

by 0.3%

Decrease by 0.6%
Decrease by 0.9%
Decrease by 1.2%
Decrease by 1.5%
Decrease by 1.8%


 

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Session Laws, 1971
Volume 707, Page 1597   View pdf image
 Jump to  
  << PREVIOUS  NEXT >>


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