288.126. Ineligibility for rate calculation, rate used, positive and negative experience rate account balances.
Ineligibility for rate calculation, rate used, positive and negativeexperience rate account balances.
288.126. 1. If an employer with a positive experience rate accountbalance is not eligible for a rate calculation after once becoming eligiblebecause the employer did not have twelve consecutive calendar monthsimmediately preceding the calculation date throughout which its accountcould have been charged with benefits, such employer's rate shall be noless than two and seven-tenths percent.
2. If an employer with a deficit experience rate account balance isnot eligible for a rate calculation after once becoming eligible becausethe employer did not have twelve consecutive calendar months immediatelypreceding the calculation date throughout which its account could have beencharged with benefits, such employer's rate shall be no less than five andfour-tenths percent.
(L. 1951 p. 564 § 288.110, A.L. 1957 p. 531, A.L. 1965 p. 420, A.L. 1965 2d Ex. Sess. p. 927, A.L. 1967 p. 396 § 288.120.3 and p. 401, A.L. 1975 S.B. 276, A.L. 1984 H.B. 1251 & 1549, A.L. 1994 S.B. 561, A.L. 1998 S.B. 922, A.L. 1999 H.B. 162 merged with S.B. 32)