HARRY HUGHES, Governor

3323

computation date, his contribution rate for the following fiscal
year shall be his earned rate or the standard rate, whichever is
the greater.

(ii) Any nonprofit organization that elects to
pay contributions after having been covered under this article on
a payment in lieu of contributions basis, for the purposes of
paragraph (i) of this subsection, will be presumed to have had
payrolls equalling or exceeding $200 in each prior fiscal year in
which the employer actually paid $200 or more to individuals for
services and the employer will be presumed to have been
chargeable with benefits during any period when it was subject to
this article on a payment in lieu of contributions basis. Moneys
paid for services will be treated as payrolls and benefits
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

Benefit                                                                               Basic

Ratio                                                                           Contribution

Rate

.0000-- .................................. 0.1%

. 0001 -- . 0009 .................................. 0.2%

.0010-- .0018 .................................. 0.3%