Section 61-5-18.14 - Employer's reserve ratio for 1993 to 2006.
61-5-18.14. Employer's reserve ratio for 1993 to 2006. The employer's reserve ratio for calendar year 1993 to calendar year 2006, inclusive, shall be the result obtained by dividing the balance of credits existing in the employer's experience-rating account by the total taxable payroll of the employer for the preceding three calendar years.
Column "A" Column "B" Contribution Rate Reserve Ratio 7.00% Less than -7.00% 6.50% -7.00% and Less than -6.50% 6.00% -6.50% and Less than -6.00% 5.50% -6.00% and Less than -5.50% 5.00% -5.50% and Less than -5.00% 4.50% -5.00% and Less than -4.50% 4.00% -4.50% and Less than -4.00% 3.50% -4.00% and Less than -3.50% 3.00% -3.50% and Less than -3.00% 2.50% -3.00% and Less than -2.50% 2.00% -2.50% and Less than -2.00% 1.80% -2.00% and Less than -1.50% 1.60% -1.50% and Less than -1.00% 1.40% -1.00% and Less than -0.50% 1.20% -0.50% and Less than 0.00% 1.00% 0.00% and Less than 0.20% 0.90% 0.20% and Less than 0.40% 0.80% 0.40% and Less than 0.60% 0.70% 0.60% and Less than 0.80% 0.60% 0.80% and Less than 1.00% 0.50% 1.00% and Less than 1.20% 0.40% 1.20% and Less than 1.30% 0.30% 1.30% and Less than 1.40% 0.20% 1.40% and Less than 1.50% 0.10% 1.50% and Less than 1.60% 0.00% 1.60% and Over
The contribution rates provided in this section apply to and are retroactive to taxable wages paid on and after January 1, 1993.
Source: SL 1993, ch 378, § 2; SL 2006, ch 267, § 2.