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78 PENNSYLVANIA UNEMPLOYMENT COMPENSATION LAW PENNSYLVANIA UNEMPLOYMENT COMPENSATION LAW PENNSYLVANIA UNEMPLOYMENT COMPENSATION LAW
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78 PENNSYLVANIA UNEMPLOYMENT COMPENSATION LAW PENNSYLVANIA UNEMPLOYMENT COMPENSATION LAW PENNSYLVANIA UNEMPLOYMENT COMPENSATION LAW
(c) Whenever the trigger percentage determined under subsection (a) is less than
fifty per centum (50%), the secretary shall announce a reduction in the
weekly benefit rate under section 404(e)(4).
(d) Whenever the trigger percentage is less than twenty-five per centum (25%), any
balance remaining in the Unemployment Compensation Trigger Reserve
Account shall be transferred to the Unemployment Compensation Trust Fund. (301.7 added Oct. 19, 1988, P.L.818, No.109) Compiler’s Note: Section 18(3) of Act 60 of 2012, which amended subsec. (a), provided that the amendment of subsec. (a) shall apply to the calculation of the trigger percentage in 2012 and subsequent calendar years for purposes of contribution rates and benefit reductions for calendar year 2013 and thereafter, respectively. Section 301.8. Trigger Rate Redeterminations.--
(a) Beginning in 1992 and each fifth year thereafter, the secretary shall
redetermine the rates of the surcharge, employe tax, additional
contributions and benefit reduction otherwise applicable under sections
301.7 and 404(e)(4). The secretary shall redetermine the rates so that
the unrounded rates yield contribution increases and benefit reductions,
on a calendar year basis, approximately equal to the dollar amounts
specified in subsection (b). The rates as redetermined shall take effect
on January 1 of the following calendar year and shall remain in effect
for five years.
(b) (1) For calendar years 2013 through the year determined under
paragraph (4), if the trigger percentage as of July 1 of the preceding
calendar year is less than two hundred fifty per centum (250%), t
he rates determined under paragraph (2) shall apply. For calendar
years following the year determined under paragraph (4), if the
trigger percentage as of July 1 of the preceding calendar year is
less than two hundred fifty per centum (250%), the rates determined
under paragraph (3) shall apply.
(2) The secretary shall redetermine the rates such that the surcharge
assessed under section 301.5 shall yield one hundred million dollars
($100,000,000), the additional contribution under section 301.2 shall
yield two hundred twenty-five million dollars ($225,000,000), the
employe tax under section 301.4 shall yield one hundred sixty-six