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76 PENNSYLVANIA UNEMPLOYMENT COMPENSATION LAW PENNSYLVANIA UNEMPLOYMENT COMPENSATION LAW PENNSYLVANIA UNEMPLOYMENT COMPENSATION LAW
to be used in setting surcharge and contribution rates for the contributions
required under sections 301.2, 301.4 and 301.5 and in setting the benefit
reduction required under section 404(e)(4) for the following calendar year.
The secretary shall
(1) add the principal amount of outstanding bonds under Article XIV and the a
mount of outstanding advances under Title XII of the Social Security Act
(58 Stat. 790, 42 U.S.C. § 1321 et seq.) and subtract that sum from the
balance in the Unemployment Compensation Fund;
(2) determine the average of the benefit costs for the three immediately
preceding fiscal years; and
(3) calculate the percentage that the amount determined under paragraph (1)
represents of the average of the benefit costs.
((a) amended June 12, 2012, P.L.577, No.60)
(b)Surcharge and contribution rates shall be announced by…#
(b) Surcharge and contribution rates shall be announced by the secretary on
July 1 of every year in accordance with the following schedule:
(1) When the trigger percentage is one hundred fifty per centum (150%)
or higher, the rate of the surcharge assessed under section 301.5 shall
be a negative one and one-half per centum (-1.5%).
(2) When the trigger percentage is at least one hundred twenty-five per centum
(125%), but less than one hundred fifty per centum (150%), there shall be
no surcharge or contribution under section 301.2, 301.4 or 301.5.
(3) When the trigger percentage is at least one hundred ten per centum
(110%), but less than one hundred twenty-five per centum (125%):
(i)the rate of the surcharge assessed under section 301.5…#
(i) the rate of the surcharge assessed under section 301.5 shall be
four per centum (4%); and