288.120. Employer's contribution rate, how determined--exception shared work plan, how computed--surcharges for employers taxed at the maximum rate.
Employer's contribution rate, how determined--exception shared workplan, how computed--surcharges for employers taxed at the maximumrate.
288.120. 1. On each June thirtieth, or within a reasonable timethereafter as may be fixed by regulation, the balance of an employer'sexperience rating account, except an employer participating in a sharedwork plan under section 288.500, shall determine his contribution rate forthe following calendar year as determined by the following table:
Percentage the Employer's Experience Rating
Account is to that Employer's Average Annual PayrollEquals or Exceeds Less Than Contribution Rate
----- -12.0 6.0%
-12.0 -11.0 5.8%
-11.0 -10.0 5.6%
-10.0 -9.0 5.4%
-9.0 -8.0 5.2%
-8.0 -7.0 5.0%
-7.0 -6.0 4.8%
-6.0 -5.0 4.6%
-5.0 -4.0 4.4%
-4.0 -3.0 4.2%
-3.0 -2.0 4.0%
-2.0 -1.0 3.8%
-1.0 0 3.6%
0 2.5 2.7%
2.5 3.5 2.6%
3.5 4.5 2.5%
4.5 5.0 2.4%
5.0 5.5 2.3%
5.5 6.0 2.2%
6.0 6.5 2.1%
6.5 7.0 2.0%
7.0 7.5 1.9%
7.5 8.0 1.8%
8.0 8.5 1.7%
8.5 9.0 1.6%
9.0 9.5 1.5%
9.5 10.0 1.4%
10.0 10.5 1.3%
10.5 11.0 1.2%
11.0 11.5 1.1%
11.5 12.0 1.0%
12.0 12.5 0.9%
12.5 13.0 0.8%
13.0 13.5 0.6%
13.5 14.0 0.4%
14.0 14.5 0.3%
14.5 15.0 0.2%
15.0 ---- 0.0%
2. Using the same mathematical principles used in constructing thetable provided in subsection 1 of this section, the following table hasbeen constructed. The contribution rate for the following calendar year ofany employer participating in a shared work plan under section 288.500during the current calendar year or any calendar year during a priorthree-year period shall be determined from the balance in such employer'sexperience rating account as of the previous June thirtieth, or within areasonable time thereafter as may be fixed by regulation, from thefollowing table:
Percentage the Employer's Experience Rating
Account is to that Employer's Average Annual PayrollEquals or Exceeds Less Than Contribution Rate
----- -27.0 9.0%
-27.0 -26.0 8.8%
-26.0 -25.0 8.6%
-25.0 -24.0 8.4%
-24.0 -23.0 8.2%
-23.0 -22.0 8.0%
-22.0 -21.0 7.8%
-21.0 -20.0 7.6%
-20.0 -19.0 7.4%
-19.0 -18.0 7.2%
-18.0 -17.0 7.0%
-17.0 -16.0 6.8%
-16.0 -15.0 6.6%
-15.0 -14.0 6.4%
-14.0 -13.0 6.2%
-13.0 -12.0 6.0%
-12.0 -11.0 5.8%
-11.0 -10.0 5.6%
-10.0 -9.0 5.4%
-9.0 -8.0 5.2%
-8.0 -7.0 5.0%
-7.0 -6.0 4.8%
-6.0 -5.0 4.6%
-5.0 -4.0 4.4%
-4.0 -3.0 4.2%
-3.0 -2.0 4.0%
-2.0 -1.0 3.8%
-1.0 0 3.6%
0 2.5 2.7%
2.5 3.5 2.6%
3.5 4.5 2.5%
4.5 5.0 2.4%
5.0 5.5 2.3%
5.5 6.0 2.2%
6.0 6.5 2.1%
6.5 7.0 2.0%
7.0 7.5 1.9%
7.5 8.0 1.8%
8.0 8.5 1.7%
8.5 9.0 1.6%
9.0 9.5 1.5%
9.5 10.0 1.4%
10.0 10.5 1.3%
10.5 11.0 1.2%
11.0 11.5 1.1%
11.5 12.0 1.0%
12.0 12.5 0.9%
12.5 13.0 0.8%
13.0 13.5 0.6%
13.5 14.0 0.4%
14.0 14.5 0.3%
14.5 15.0 0.2%
15.0 ---- 0.0%
3. Notwithstanding the provisions of subsection 2 of section 288.090,any employer participating in a shared work plan under section 288.500 whohas not had at least twelve calendar months immediately preceding thecalculation date throughout which his account could have been charged withbenefits shall have a contribution rate equal to the highest contributionrate in the table in subsection 2 of this section, until such time as hisaccount has been chargeable with benefits for the period of time sufficientto enable him to qualify for a computed rate on the same basis as otheremployers participating in shared work plans.
4. Employers who have been taxed at the maximum rate pursuant to thissection for two consecutive years shall have a surcharge of one-quarterpercent added to their contribution rate calculated pursuant to thissection. In the event that an employer remains at the maximum ratepursuant to this section for a third or subsequent year, an additionalsurcharge of one-quarter percent shall be annually assessed, but in no caseshall the surcharge authorized in this subsection cumulatively exceed onepercent. Additionally, if an employer continues to remain at the maximumrate pursuant to this section an additional surcharge of one-half percentshall be assessed. In no case shall the total surcharge assessed to anyemployer exceed one and one-half percent in any given year.
(L. 1972 H.B. 1017, A.L. 1979 S.B. 477, A.L. 1984 H.B. 1251 & 1549, A.L. 1987 S.B. 153, A.L. 2004 H.B. 1268 & 1211, A.L. 2006 H.B. 1456)Effective 10-01-06