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79 PENNSYLVANIA UNEMPLOYMENT COMPENSATION LAW PENNSYLVANIA UNEMPLOYMENT COMPENSATION LAW PENNSYLVANIA UNEMPLOYMENT COMPENSATION LAW

million six hundred sixty-six thousand six hundred sixty-six dollars

($166,666,666), and the benefit reduction under section 404(e)(4)

shall yield fifty-two million dollars ($52,000,000).

(3) The secretary shall redetermine the rates such that the surcharge assessed

under section 301.5 shall yield one hundred thirty-eight million dollars

($138,000,000), the additional contribution under section 301.2 shall

yield the sum of three hundred ten million dollars ($310,000,000) plus

the amount determined under paragraph (5), the employe tax under

section 301.4 shall yield two hundred thirty million dollars ($230,000,000),

and the benefit reduction under section 404(e)(4) shall yield seventy-two

million dollars ($72,000,000).

(4) The calendar year determined under this paragraph shall be the

earliest calendar year subsequent to 2012 on December 31 of which

all of the following apply:

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Official source

79 PENNSYLVANIA UNEMPLOYMENT COMPENSATION LAW PENNSYLVANIA UNEMPLOYMENT COMPENSATION LAW PENNSYLVANIA UNEMPLOYMENT COMPENSATION LAW

million six hundred sixty-six thousand six hundred sixty-six dollars

($166,666,666), and the benefit reduction under section 404(e)(4)

shall yield fifty-two million dollars ($52,000,000).

(3) The secretary shall redetermine the rates such that the surcharge assessed

under section 301.5 shall yield one hundred thirty-eight million dollars

($138,000,000), the additional contribution under section 301.2 shall

yield the sum of three hundred ten million dollars ($310,000,000) plus

the amount determined under paragraph (5), the employe tax under

section 301.4 shall yield two hundred thirty million dollars ($230,000,000),

and the benefit reduction under section 404(e)(4) shall yield seventy-two

million dollars ($72,000,000).

(4) The calendar year determined under this paragraph shall be the

earliest calendar year subsequent to 2012 on December 31 of which

all of the following apply:

(i)There is no unpaid balance of Federal advances under…#

(i) There is no unpaid balance of Federal advances under Title XII

of the Social Security Act (58 Stat. 790, 42 U.S.C. § 1321 et

seq.) or interest thereon.

(ii)There are no outstanding bond obligations under Article…#

(ii) There are no outstanding bond obligations under Article XIV

of this act and no bond administrative expenses under

Article XIV of this act and no such obligations and no such

expenses will be due in the following year.

(5) The amount determined under this paragraph shall be the sum of:

(i) twenty per centum (20%) of the amount paid from the

Unemployment Compensation Fund pursuant to section 1407(c)

during the sixty (60) consecutive calendar months ending on

June 30 of the year in which the redetermination occurs, plus

(ii) twenty per centum (20%) of that portion of the amount paid

from the Unemployment Compensation Fund pursuant to

section 1407(c) during the immediately preceding sixty (60)

consecutive calendar months that is not recovered by

additional contributions paid for calendar years through the

calendar year in which the redetermination occurs.

((b) amended June 12, 2012, P.L.577, No.60)