|
5024
VETOES
|
.0109--.0117
|
1.4%
|
.0334--.0342
|
3.9%
|
|
.0118--.0126
|
1.5%
|
.0343--.0351
|
4.0%
|
|
.0127--.0135
|
1.6%
|
.0352--.0360
|
4.1%
|
|
.0136--.0144
|
1.7%
|
.0361--.0369
|
4.2%
|
|
.0145--.0153
|
1.8%
|
.0370--.0378
|
4.3%
|
|
.0154--.0162
|
1.9%
|
.0379--.0387
|
4.4%
|
|
.0163--.0171
|
2.0%
|
.0388--.0396
|
4.5%
|
|
.0172--.0180
|
2.1%
|
.0397--.0405
|
4.6%
|
|
.0181--.0189
|
2.2%
|
.0406--.0414
|
4.7%
|
|
.0190--.0198
|
2.3%
|
.0415--.0423
|
4.8%
|
|
.0199--.0207
|
2.4%
|
.0424--.0432
|
4.9%
|
|
.0208--.0216
|
2.5%
|
.0433--and over
|
5.0%
|
For any fiscal year beginning on or after July 1, 1980
when the fund balance on the computation date equals or
exceeds 4.5, percent but is not in excess of 5.5 percent of
the total taxable wages in covered employment for the
immediately preceding calendar year, the table of basic
rates shall apply.
For any fiscal year beginning on or after July 1, 1980,
when the fund balance on the computation date is less than
4.5 percent or equals or is in excess of 5.5 percent of the
total taxable wages in covered employment for the
immediately preceding calendar year, the rates at which
employers shall be required to pay contributions shall be in
accordance with the table of basic rates, adjusted as shown
in the table of basic rate adjustments set forth below, but
in no event shall an employer be granted less than an 0.1
percent nor more than 6.0 percent rate in any fiscal year.
However, for the fiscal year beginning on July 1, 1980, the
adjustment to any employer's basic rate may not exceed an
increase of 1.5 percent.
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 who
elect in accordance with Section 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 Employer's Contribution
Taxable Wages for Prior Year Is Basic Rate Shall
|
