|
HARRY HUGHES, Governor 5023
actually paid shall be the basis for experience-rating
calculations.
(4) The Executive Director shall determine for
each fiscal year the contribution rate of each employer who
has met the requirements specified in subsection (c)(3) of
this section, on the basis of his experience-rating record,
in the following manner:
(i) The Executive Director shall compute
for each employer a benefit ratio that is the quotient
obtained by dividing the total regular and extended benefits
chargeable to his experience-rating record and paid within
the three calendar years immediately . preceding the
computation date by the total of his annual payrolls for the
three calendar years immediately preceding that computation
date. However, for any employer who has not been subject to
the provisions of this article for a period of time
sufficient to meet the three-calendar-year requirement, that
benefit ratio is the quotient obtained by dividing the total
benefits chargeable to his experience-rating record and paid
during the entire period, ending on December 31 immediately
preceding the computation date, that he has been subject to
this article by the- total amount of wages for employment
paid by the employer during the period beginning with the
first day of the calendar quarter in which he first became
subject to the provisions of this article and ending on
December 31 of the calendar year immediately preceding that
computation, date, with respect to which wages contributions
have been paid on or before that computation date. That
benefit ratio shall be computed to the fourth decimal point.
(ii) The contribution rate of each
employer for whom a benefit ratio is computed shall be as
set forth in the table below, hereafter referred to as the
"table of basic rates":
Employer's Employer's
Employer's Basic Employer's Basic
Benefit Contribution Benefit Contribution
Ratio Rate Ratio Rate
|
.0000--
|
0.1%
|
.0217--.0225
|
2,6%
|
|
.0001--.0009
|
0.2%
|
.0226--.0234
|
2.7%
|
|
.0010--.0018
|
0.3%
|
.0235--.0243
|
2.8%
|
|
.0019--.0027
|
0.4%
|
.0244--.0252
|
2.9%
|
|
.0028--.0036
|
0.5%
|
.0253--.0261
|
3.0%
|
|
.0037--.0045
|
0.6%
|
.0262--.0270
|
3.1%
|
|
.0046--.0054
|
0.7%
|
.0271--.0279
|
3.2%
|
|
.0055--.0063
|
0.8%
|
.0280--.0288
|
3.3%
|
|
.0064--.0072
|
0.9%
|
.0289--.0297
|
3.4%
|
|
.0073--.0081
|
1.0%
|
.0298--.0306
|
3.5%
|
|
.0082--.0090
|
1.1%
|
.0307--.0315
|
3.6%
|
|
.0091--.0099
|
1.2%
|
.0316--.0324
|
3.7%
|
|
.0100--.0108
|
1.3%
|
.0325--.0333
|
3.8%
|
|
