Ind. Code § 22-4-11-3.7

Current through P.L. 171-2024

Section 22-4-11-3.7 - Contribution rates after 2020

(a) For calendar years after 2020, if the conditions of section 2 of this chapter are met, the rate of contributions shall be determined and assigned, with respect to each calendar year, to employers whose accounts have a credit balance and who are therefore eligible according to each employer's credit reserve ratio. Each employer shall be assigned the contribution rate appearing in the applicable Schedule A through E on the line opposite the employer's credit reserve ratio as set forth in the rate schedule below:

RATE SCHEDULE FOR ACCOUNTS WITH CREDIT BALANCES
When the Credit Reserve Ratio Is:
As Much As	But Less Than	Rate Schedules (%)
		A	B	C	D	E
3.00	0.75	0.70	0.50	0.40	0.20
2.80	3.00	1.00	0.90	0.70	0.50	0.30
2.60	2.80	1.30	1.10	0.90	0.70	0.30
2.40	2.60	1.60	1.40	1.20	1.00	0.50
2.20	2.40	1.90	1.70	1.40	1.20	0.60
2.00	2.20	2.20	1.90	1.60	1.20	0.60
1.80	2.00	2.50	2.20	1.80	1.40	0.80
1.60	1.80	2.80	2.40	2.00	1.60	1.00
1.40	1.60	3.10	2.70	2.30	1.90	1.30
1.20	1.40	3.40	3.00	2.50	2.00	1.40
1.00	1.20	3.70	3.20	2.70	2.10	1.50
0.80	1.00	4.00	3.50	2.90	2.30	1.70
0.60	0.80	4.30	3.70	3.10	2.50	1.90
0.40	0.60	4.60	4.00	3.40	2.80	2.00
0.20	0.40	4.90	4.30	3.60	2.80	2.00
0.00	0.20	5.20	4.50	3.80	3.00	2.20

(b) For calendar years after 2020, if the conditions of section 2 of this chapter are met, the rate of contributions shall be determined and assigned, with respect to each calendar year, to employers whose accounts have a debit balance and who are therefore eligible according to each employer's debit reserve ratio. Each employer shall be assigned the contribution rate appearing in the applicable Schedule A through E on the line opposite the employer's debit reserve ratio as set forth in the rate schedule below:

RATE SCHEDULE FOR ACCOUNTS WITH DEBIT BALANCES
When the Debit Reserve Ratio Is:
As Much As	But Less Than	Rate Schedules (%)
		A	B	C	D	E
0.00	1.50	6.75	5.90	4.90	3.90	3.20
1.50	3.00	7.00	6.10	5.10	4.10	3.40
3.00	4.50	7.25	6.30	5.30	4.30	3.60
4.50	6.00	7.50	6.50	5.50	4.40	3.80
6.00	8.00	7.75	6.70	5.70	4.50	3.90
8.00	10.00	8.25	7.20	6.00	4.80	4.10
10.00	12.00	8.75	7.60	6.40	5.20	4.40
12.00	14.00	9.25	8.00	6.80	5.40	4.60
14.00	16.00	9.75	8.50	7.10	5.70	5.00
16.00	10.20	8.90	7.40	6.00	5.40

IC 22-4-11-3.7

Added by P.L. 158-2020,SEC. 3, eff. 7/1/2020.