Kentucky Statutes 341.040 – Reserve account, reimbursing employer account, pooled account, and annual payroll
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As used in this chapter, unless the context clearly requires otherwise:
(1) “Reserve account” means a separate book account maintained by the cabinet for each subject contributing employer under KRS § 341.530 and KRS § 341.540. No amount shall be credited to any reserve account on any date which has not been actually received by the cabinet by that date, and no benefit amount shall be charged against any reserve account by any date for which a check has not been written and sent by that date;
(2) “Reimbursing employer account” means a separate book account maintained by the cabinet for each subject employer who elects to make payments in lieu of contributions pursuant to KRS § 341.275 or 341.277. No benefit amount shall be charged against any reimbursing employer account prior to the issuance of benefit checks against that account;
(3) “Pooled account” means a separate book account maintained by the cabinet under
KRS § 341.550;
(4) “Annual payroll” means the total amount of wages paid by a subject employer during a twelve (12)-consecutive-month period for covered employment.
Effective: July 15, 1996
History: Amended 1996 Ky. Acts ch. 266, sec. 2, effective July 15, 1996. — Amended
1974 Ky. Acts ch. 74, Art. VI, sec. 107(23). — Amended 1958 Ky. Acts ch. 4, sec. 2.
— Amended 1950 Ky. Acts ch. 206, sec. 1. — Recodified 1942 Ky. Acts ch. 208, sec.
1, effective October 1, 1942, from Ky. Stat. sec. 4748g-3.
(1) “Reserve account” means a separate book account maintained by the cabinet for each subject contributing employer under KRS § 341.530 and KRS § 341.540. No amount shall be credited to any reserve account on any date which has not been actually received by the cabinet by that date, and no benefit amount shall be charged against any reserve account by any date for which a check has not been written and sent by that date;
Terms Used In Kentucky Statutes 341.040
- Cabinet: means the Education and Labor Cabinet. See Kentucky Statutes 341.005
- Contributions: means the money payments, exclusive of interest and penalties, to the unemployment insurance fund required by this chapter and by any previous unemployment compensation law of this state. See Kentucky Statutes 341.020
- covered employment: shall include service constituting covered employment under any unemployment compensation law of another state. See Kentucky Statutes 341.030
- Reimbursing employer account: means a separate book account maintained by the cabinet for each subject employer who elects to make payments in lieu of contributions pursuant to KRS §. See Kentucky Statutes 341.040
- Reserve account: means a separate book account maintained by the cabinet for each subject contributing employer under KRS §. See Kentucky Statutes 341.040
- subject employer: means :
(1) Any employing unit which in any calendar quarter in either the current or preceding calendar year paid for service in covered employment wages of fifteen hundred dollars ($1,500) or more. See Kentucky Statutes 341.070 - wages: includes tips which are: (a) Received while performing services which constitute employment. See Kentucky Statutes 341.030
(2) “Reimbursing employer account” means a separate book account maintained by the cabinet for each subject employer who elects to make payments in lieu of contributions pursuant to KRS § 341.275 or 341.277. No benefit amount shall be charged against any reimbursing employer account prior to the issuance of benefit checks against that account;
(3) “Pooled account” means a separate book account maintained by the cabinet under
KRS § 341.550;
(4) “Annual payroll” means the total amount of wages paid by a subject employer during a twelve (12)-consecutive-month period for covered employment.
Effective: July 15, 1996
History: Amended 1996 Ky. Acts ch. 266, sec. 2, effective July 15, 1996. — Amended
1974 Ky. Acts ch. 74, Art. VI, sec. 107(23). — Amended 1958 Ky. Acts ch. 4, sec. 2.
— Amended 1950 Ky. Acts ch. 206, sec. 1. — Recodified 1942 Ky. Acts ch. 208, sec.
1, effective October 1, 1942, from Ky. Stat. sec. 4748g-3.