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HARRY HUGHES, Governor
2515
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
sharable benefits under the "Federal-State Extended
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, except [governmental entities]
EMPLOYERS who elect [in accordance with § 8(f)] to be liable
for payments in lieu of contributions.
SCHEDULE OF BASIC RATE ADJUSTMENTS
When Ratio Between Fund Balance
on Computation Date and Total
Taxable Wages for Prior Year Is
A up to 3.6%
B 3.6% but less than 3.7%
C 3.7% but less than 3.8%
D 3.8% but less than 3.9%
E 3.9% but less than 4.0%
F 4.0% but less than 4.1%
G 4.1% but less than 4.2%
H 4.2% but less than 4.3%
I 4.3% but less than 4.4%
J 4.4% but less than 4.5%
K 5.5% but less than 6.0%
L 6.0% but less than 6.5%
M 6.5% but less than 7.0%
N 7.0% but less than 7.5%
0 7.5% but less than 8.0%
P 8.0% but less than 8.5%
Q 8.5% or over
Employer's Contribution
Basic Rate Shall
Increase by 2.7%
Increase by 2.4%
Increase by 2.1%
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Increase
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by
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1.8%
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Increase
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by
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1.5%
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Increase
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by
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1.2%
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Increase
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by
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.9%
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Increase
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by
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.6%
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Increase
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by
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.3%
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Increase
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by
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.1%
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Decrease
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by
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.3%
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Decrease
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by
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.6%
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Decrease
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by
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.9%
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Decrease
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by
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1.2%
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Decrease
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by
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1.5%
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Decrease
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by
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1.8%
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Decrease
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by
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2.1%
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(6) [If an employer subject to this article
shall transfer to another employing unit, or other employing
units by sale or otherwise, his entire organization, trade,
or business, or substantially all the assets thereof, and
that transfer constitutes a transfer of that employer's
employing enterprise as a going concern,] IF AN EMPLOYING
UNIT ALTERS ITS LEGAL STATUS, SUCH AS BY CHANGING FROM A
SOLE PROPRIETORSHIP OR A PARTNERSHIP TO A CORPORATION, OR IF
AN EMPLOYING UNIT OTHERWISE CHANGES ITS TRADE NAME OR
BUSINESS IDENTITY AND THE ENTERPRISE REMAINS UNDER
SUBSTANTIALLY THE SAME OWNERSHIP, the Executive Director
shall combine the experience-rating records of the two
employing units and shall for purposes of rate determination
transfer to the successor employer the payroll record and
the benefit charges of the predecessor. In the event the
predecessor remains in business and has employment after the
date of the transfer, the predecessor shall be regarded for
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