(HB 1228)
Unemployment insurance revisions.
Section
1.
That
§
61-5-23
be amended to read as follows:
61-5-23.
If on the
computation date, December 31, 1961, and each year thereafter
last day of
any calendar quarter
, the amount in the unemployment compensation fund, as established by § 61-
4-1, including amounts receivable as federal reimbursements due the state for shareable benefit
payments, is less than any amount appearing in Column
"
A
"
below, then all employers' rates shall
be increased by the amount appearing in Column
"
B
"
opposite the lowest amount in Column
"
A
"
under which the fund has been reduced:
Column
|
Column
|
Balance in Fund | Rates |
$11,000,000 | .1 % |
10,500,000 | .2 % |
10,000,000 | .3 % |
9,500,000 | .4 % |
9,000,000 | .5 % |
8,500,000 | .6 % |
8,000,000 | .7 % |
7,500,000 | .8 % |
7,000,000 | .9 % |
6,500,000 | 1.0 % |
6,000,000 | 1.25% |
5,500,000 | 1.5 % |
Section
2.
That
§
61-5-29.2
be amended to read as follows:
61-5-29.2. Benefits paid but not charged to the experience-rating account of any employer based on subdivisions 61-5-29(1) to (7), inclusive, shall be prorated among all the employer experience-rating accounts as follows:
Section
3.
That
§
61-5-30
be repealed.