Sec. 3.7. (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

lawyer woman

Ask an employment law question, get an answer ASAP!
Thousands of highly rated, verified employment lawyers
Specialties include: Employment Law, EEOC, Pension and Compensation, Harassment Law, Discrimination Law, Termination Law, General Legal and more.
Click here to chat with a lawyer about your rights.

Terms Used In Indiana Code 22-4-11-3.7

WITH CREDIT BALANCES

When the Credit Reserve Ratio Is:

As

But

Rate Schedules

Much

Less

(%)

As

Than

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

But

Rate Schedules

Much

Less

(%)

As

Than

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

As added by P.L.158-2020, SEC.3.

  Previous section
Next section  
 Chapter 11 Contents