KRS 341.550: Pooled account for contributing employers.

(1) The cabinet shall maintain a pooled account for contributing employers to which

shall be credited:

(a) Payments received from the federal government under the provisions of

Section 204(a)(1) of the "Federal -State Extended Unemployment

Compensation Act of 1970," and amendments thereto;

(b) All realized earnings and gains on investments of the fund;

(c) Except as provided in KRS 341.540, any balance remaining in the reserve

account of any previously subject contributing employer after such employer

has ceased to be subject to this chapter;

(d) Any payments into or amounts in the fund not allocable to any employer's

reserve account; and

(e) Any payments collected under subsection (2) of this section.

(2) (a) Except as provided in KRS 341.530(4), any benefits pa id through error which

would otherwise have been chargeable to the reserve account of a contributory

employer shall be charged against the pooled account. However, no employer

making payments to the fund in lieu of contributions shall be relieved of

charges by reason of this subsection.

(b) The repayment of benefits paid erroneously as provided in subsection (1) of

KRS 341.415 shall be credited to the pooled account. The pooled account

shall be credited with any sums deducted from future benefits as provide d in

KRS 341.415 and shall be credited to the pooled account, provided the

benefits were charged to the pooled account by reason of KRS 341.530(3), or

paragraph (a) of this subsection. Except as provided in KRS 341.415(1), if the

benefits were charged to a nd paid by any employer making payments to the

fund in lieu of contributions, the amount of the repayment or the sum

deducted from future benefits shall be credited to the reimbursing account of

that employer, and may upon written request from the employer be refunded

without interest.

(3) One-half (1/2) of the benefits paid to an eligible worker in accordance with KRS

341.700 to 341.740 shall be charged against the pooled account, except that during

a period in which federal payments to states under Sectio n 204 of the Federal -State

Extended Unemployment Compensation Act of 1970 are reduced under an order

issued under Section 252 of the Balanced Budget and Emergency Deficit Control

Act of 1985 (Public Law 99 -177), one-half (1/2) of the benefits paid to an el igible

worker in accordance with KRS 341.700 to 341.740, reduced by an amount equal to

the difference of one -half (1/2) of the benefits paid to an eligible worker in

accordance with KRS 341.700 to 341.740 and the amount of the federal payment,

shall be charged against the pooled account.