S.D. Admin. R. 47:06:02:16

Current through Register Vol. 51, page 71, January 6, 2025

Section 47:06:02:16 - Computation of contribution rate for new successor employer

If the successor was not an employer prior to the effective date of a transfer and succeeds to liability or voluntarily elects to become an employer from the date of transfer, the actual contribution, benefit, and payroll experience of the segregable unit shall be transferred and shall be used to compute the contribution rate for the year in which the transfer is made. The same computation dates used to compute the contribution rates of all employers shall be used to compute the contribution rate for the successor in each succeeding year. If the successor was not an employer prior to the effective date of the transfer and the successor simultaneously receives two or more segregable units, the successor's contribution rate shall be computed from the combined contribution, benefit, and payroll experience of the units.

S.D. Admin. R. 47:06:02:16

SL 1975, ch 16, § 1; 9 SDR 81, 9 SDR 124, effective 7/1/1983; 39 SDR 127, effective 1/23/2013.

General Authority: SDCL 61-5-42.

Law Implemented: SDCL 61-5-42.