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HARRY HUGHES, Governor
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except that the adjustment to any employer's basic rate shall
increase to 2.2 percent if the balance in the Unemployment
Insurance Trust Fund on any day is less than $100,000,000, such
increase in the adjustment to be made for the calendar quarter
following the date in which the trust fund balance is less than
$100,000,000 and continuing for the balance of the fiscal years
1985 and 1986.
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 employers who elect 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
Employer's Contribution
Basic Rate Shall
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A up to 3.6%
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B 3.6% but less than 3.7%
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C 3.7% but less than 3.8%
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D 3.8% but less than 3.9%
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E 3.9% but less than 4.0%
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F 4.0% but less than 4.1%
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G 4.1% but less than 4.2%
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H 4.2% but less than 4.3%
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I 4.3% but less than 4.4%
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J 4.4% but less than 4.5%
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K 5.5% but less than 6.0%
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L 6.0% but less than 6.5%
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M 6.5% but less than 7.0%
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N 7.0% but less than 7.5%
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0 7.5% but less than 8.0%
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P 8.0% but less than 8.5%
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Q 8.5% or over
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(a) As used in this section, unless the context clearly
requires otherwise -
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Increase by 2.7%
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Increase by 2.4%
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Increase by 2.1%
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Increase by 1.8%
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Increase by 1.5%
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Increase by 1.2%
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Increase by .9%
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Increase by .6%
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Increase by .3%
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Increase by .1%
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Decrease by .3%
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Decrease by .6%
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Decrease by .9%
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Decrease by 1.2%
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Decrease by 1.5%
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Decrease by 1.8%
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Decrease by 2.1%
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(4) "Regular benefits" means benefits payable to an
individual under this act pursuant to [§ 3(d)(1)] § 3(D), but not
additional benefits pursuant to Section 23, or under any other
State law (including benefits payable to federal civilian
employees and to ex-servicemen pursuant to 5 U.S.C. chapter
85), or extended benefits.
21.
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