(820 ILCS 405/1506.1) (from Ch. 48, par. 576.1)
Sec. 1506.1. Determination of Employer's Contribution Rate.
A. The contribution rate for any calendar year prior to 1991 of each
employer whose contribution rate is determined as provided in Sections 1501 through 1507, inclusive, shall be determined in accordance with
the provisions of this Act as amended and in effect on November 18, 2011.
B. (Blank).
C. (Blank).
D. (Blank).
E.
The
contribution rate for calendar year 1991 and
each calendar year thereafter of each employer who has
incurred liability for the payment of contributions
within each of the three calendar years immediately
preceding the calendar year for which a rate is being
determined shall be the product obtained by multiplying
the employer's benefit ratio defined by Section 1503.1
for that calendar year by the adjusted state experience
factor for the same year, provided that:
1. Except as otherwise provided in this paragraph, an |
| employer's minimum contribution rate shall be the greater of 0.2% or the product obtained by multiplying 0.2% by the adjusted state experience factor for the applicable calendar year. An employer's minimum contribution rate shall be 0.1% for calendar year 1996. An employer's minimum contribution rate shall be 0.0% for calendar years 2012 through 2019.
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2. An employer's maximum contribution rate shall be
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| the greater of 6.4% or the product of 6.4% and the adjusted state experience factor for the applicable calendar year.
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3. If any product obtained in this subsection is not
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| an exact multiple of one-tenth of one percent, it shall be increased or reduced, as the case may be to the nearer multiple of one-tenth of one percent. If such product is equally near to two multiples of one-tenth of one percent, it shall be increased to the higher multiple of one-tenth of one percent.
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4. Intermediate rates between such minimum and
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| maximum rates shall be at one-tenth of one percent intervals.
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The contribution rate of each employer for whom wages
became benefit wages during the applicable period specified
in Section 1503 or for whom benefit payments became
benefit charges during the applicable period specified
in Section 1503.1, but who did not report wages for
insured work during such period, shall be the maximum
contribution rate as determined by paragraph 2 of this
subsection.
The
contribution rate for each employer
for whom no wages became benefit wages during the applicable
period specified in Section 1503 or for whom no benefit
payments became benefit charges during the applicable
period specified in Section 1503.1, and who did not
report wages for insured work during such period, shall
be the greater of 2.7% or 2.7% times the then current
adjusted state experience factor as determined by the
Director in accordance with the provisions of Sections
1504 and 1505.
F. (Blank).
G. Notwithstanding the other provisions of this Section, no employer's
contribution rate with respect to calendar year 1989 and each calendar year
thereafter shall exceed 5.4% of the wages for insured work paid by him
during any calendar quarter, if such wages paid during such calendar
quarter total less than $50,000, plus any applicable penalty contribution rate calculated pursuant to subsection C of Section 1507.1.
(Source: P.A. 97-621, eff. 11-18-11; 97-791, eff. 1-1-13.)
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