Section 61-5-18.17 - Employer's reserve ratio for 2010 and thereafter.
61-5-18.17. Employer's reserve ratio for 2010 and thereafter. The employer's reserve ratio for calendar year 2010 and thereafter 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 9.50% Less than -6.50% 9.00% -6.50% and Less than -6.00% 8.50% -6.00% and Less than -5.50% 8.00% -5.50% and Less than -5.00% 7.50% -5.00% and Less than -4.50% 7.00% -4.50% and Less than -4.00% 6.50% -4.00% and Less than -3.50% 6.00% -3.50% and Less than -3.00% 5.50% -3.00% and Less than -2.50% 5.00% -2.50% and Less than -2.00% 4.50% -2.00% and Less than -1.50% 4.00% -1.50% and Less than -1.00% 3.50% -1.00% and Less than -0.75% 3.00% -0.75% and Less than -0.50% 2.50% -0.50% and Less than -0.25% 2.00% -0.25% and Less than 0.00% 1.50% 0.00% and Less than 0.50% 1.25% 0.50% and Less than 0.75% 1.00% 0.75% and Less than 1.00% 0.50% 1.00% and Less than 1.25% 0.35% 1.25% and Less than 1.50% 0.20% 1.50% and Less than 2.00% 0.10% 2.00% and Less than 2.50% 0.00% 2.50% and Over
The contribution rates provided in this section apply to and are retroactive to taxable wages paid on and after January 1, 2010.
Source: SL 2010, ch 247, § 3, eff. Mar. 10, 2010.