Hawaii Revised Statutes 383-67 – Reserve ratio
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Terms Used In Hawaii Revised Statutes 383-67
- Employer: means :
(1) Any employing unit which for some portion of a day within the current calendar year has or had in employment one or more individuals; and
(2) For the effective period of its election pursuant to section 383-77, any other employing unit which has elected to become subject to this chapter. See Hawaii Revised Statutes 383-1
For the calendar year 1970 and for each calendar year thereafter, an employer‘s reserve ratio shall be determined by dividing the employer’s most recent reserve balance by the employer’s most recent average annual payroll. The ratio shall be rounded to the nearest ten-thousandths.