{"data":{"id":"us-ky/krs-341.270","jurisdiction":"us-ky","citation":"KRS 341.270","heading":"Determination of employer's contribution rate.","body":"(1) Except as otherwise provided in this section, each employer's contribution rate shall be three percent (3%). Effective for employers who become subject to this chapter on or after January 1, 1999, except as otherwise provided in this section, each employer's contribution rate shall be two and seven-tenths percent (2.7%).\n(2) Except as otherwise provided in this section, no subject employer's contribution rate shall be less than two and seven-tenths percent (2.7%), unless he or she has been an employer subje ct to the provisions of this chapter for twelve (12) consecutive calendar quarters ended as of the computation date. In any calendar year in which the rate schedule prescribed in subsection (3)(a) of this section is in effect, no subject employer who was a ssigned an entry rate of three percent (3.0%) under the provisions of subsection (1) of this section prior to January 1, 1999, shall have a contribution rate less than two and eight hundred fifty -seven thousandths percent (2.857%), unless subject to this c hapter for the minimum time period specified above.\n(3) For the calendar year 2001 and each calendar year thereafter, employer contribution rates shall be determined in accordance with \"Table A\" set out in subsection (4) of this section. For each calendar year, the secretary shall determine the rate schedule to be in effect based upon the \"trust fund balance\" as of September 30 of the preceding year. If the \"trust fund balance\":\n(a) Equals or exceeds one and eighteen hundredths percent (1.18%) of the total wages paid in covered employment in the state during the state fiscal year ended as of June 30 of that year, the rates listed in the \"Trust Fund Adequacy Rates\" schedule of \"Table A\" shall be in effect;\n(b) Equals or exceeds five hundred million dollars ($ 500,000,000) but is less than the amount required to effectuate the \"Trust Fund Adequacy Rates\" schedule as provided in paragraph (a) of this subsection, the rates listed in \"Schedule A\" of \"Table A\" shall be in effect;\n(c) Equals or exceeds three hundred fifty million dollars ($350,000,000) but is less than five hundred million dollars ($500,000,000), the rates listed in\n\"Schedule B\" of \"Table A\" shall be in effect;\n(d) Equals or exceeds two hundred fifty million dollars ($250,000,000) but is less\nthan thr ee hundred fifty million dollars ($350,000,000), the rates listed in\n\"Schedule C\" of \"Table A\" shall be in effect;\n(e) Equals or exceeds one hundred fifty million dollars ($150,000,000) but is less\nthan two hundred fifty million dollars ($250,000,000), the  rates listed in\n\"Schedule D\" of \"Table A\" shall be in effect; and\n(f) Is less than one hundred fifty million dollars ($150,000,000), the rates listed\nin \"Schedule E\" of \"Table A\" shall be in effect.\n(4) For the calendar year 1982 and each calendar year th ereafter, contribution rates\nshall be determined upon the basis of an individual employer's reserve ratio as of\nthe computation date and the schedule of rates established under subsection (3) of\nthis section. Except as otherwise provided in this section, t he contribution rate for\neach subject employer for the calendar year immediately following the computation\ndate shall be the rate in that \"Schedule\" of \"Table A,\" as set out below, effective\nwith respect to the calendar year, which appears on the same line  as his or her\nreserve ratio as shown in the \"Employer Reserve Ratio\" column of the same table.\nTABLE A\nRate Schedule\nEmployer   Trust             A                     B                     C                     D                     E\nReserve   Fund\nRatio     Adequacy\nRates\n8.0% and\nover     0.000% 0.30% 0.40% 0.50% 0.60% 1.00%\n7.0% but\nunder 8.0%  0.000% 0.40% 0.50% 0.60% 0.80% 1.05%\n6.0% but\nunder 7.0%  0.008% 0.50% 0.60% 0.70% 0.90% 1.10%\n5.0% but\nunder 6.0%  0.208% 0.70% 0.80% 1.00% 1.20% 1.40%\n4.6% but\nunder 5.0%  0.508% 1.00% 1.20% 1.40% 1.60% 1.80%\n4.2% but\nunder 4.6%  0.808% 1.30% 1.50% 1.80% 2.10% 2.30%\n3.9% but\nunder 4.2%  1.008% 1.50% 1.70% 2.20% 2.40% 2.70%\n3.6% but\nunder 3.9%  1.308% 1.80% 1.80% 2.40% 2.60% 3.00%\n3.2% but\nunder 3.6%  1.508% 2.00% 2.10% 2.50% 2.70% 3.10%\n2.7% but\nunder 3.2%  1.608% 2.10% 2.30% 2.60% 2.80% 3.20%\n2.0% but\nunder 2.7%  1.708% 2.20% 2.50% 2.70% 2.90% 3.30%\n1.3% but\nunder 2.0%  1.808% 2.30% 2.60% 2.80% 3.00% 3.40%\n0.0% but\nunder 1.3%  1.908% 2.40% 2.70% 2.90% 3.10% 3.50%\n-0.5% but\nunder -0.0%  6.500% 6.50% 6.75% 7.00% 7.25% 7.50%\n-1.0% but\nunder -0.5%  6.750% 6.75% 7.00% 7.25% 7.50% 7.75%\n-1.5% but\nunder -1.0%  7.000% 7.00% 7.25% 7.50% 7.75% 8.00%\n-2.0% but\nunder -1.5%  7.250% 7.25% 7.50% 7.75% 8.00% 8.25%\n-3.0% but\nunder -2.0%  7.500% 7.50% 7.75% 8.00% 8.25% 8.50%\n-4.0% but\nunder -3.0%  7.750% 7.75% 8.00% 8.25% 8.50% 8.75%\n-6.0% but\nunder -4.0%  8.250% 8.25% 8.50% 8.75% 9.00% 9.25%\n-8.0% but\nunder -6.0%  8.500% 8.50% 8.75% 9.00% 9.25% 9.50%\nLess\nthan -8.0%.   9.000% 9.00% 9.25% 9.50% 9.75% 10.00%\n(5) As used in this section and elsewhere in this chapter, unless the context clearly\nrequires otherwise:\n(a) \"Trust fund balance\" means the amount of money in the unemploym ent\ninsurance fund, less any unpaid advances made to the state under Section\n1201 of the Social Security Act. In determining the amount in the fund as of a\ngiven date all money received by the Office of Unemployment Insurance on\nthat date shall be considered as being in the fund on that date;\n(b) \"Total wages\" means all remuneration for services, as defined in KRS\n341.030(1) to (7), paid by subject employers;\n(c) An employer's \"reserve ratio\" means the percentage ratio of his or her reserve\naccount balance as of the computation date to his or her taxable payrolls for\nthe twelve (12) consecutive calendar quarters ended as of June 30\nimmediately preceding the computation date;\n(d) For the purposes of this section, an employer's \"reserve account balance\"\nmeans the amount of contributions credited to his or her reserve account as of the computation date, less the benefit charges through June 30 immediately preceding the  computation date. If benefits charged to an account exceed contributions credited to the account, the account shall be considered as having a debit balance and a reserve ratio of \"less than zero\"; and\n(e) \"Computation date\" is July 31 of each calendar yea r prior to the effective date of new rates of contributions.\n(6) Notwithstanding any other provisions of this chapter, for the calendar years 2021 and 2022, the employer contribution rates shall be determined using the rates listed in Schedule A of Table A.","path":["KRS Chapter 341"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=54208","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:29Z","sha256":"589415356380b637bf342dfef82bd9b9843872607fbf019466932b3b595e2a5f","source_id":"us-ky","stale":false,"prev":"us-ky/krs-341.265","next":"us-ky/krs-341.272"},"notice":"GroundRules: Original legal text. Not legal advice."}