053-15 Wyo. Code R. § 15-3

Current through April 27, 2019

Section 15-3 - Fund Balance Adjustment Factor Allocation

(a) Definitions. As used in this section:

• (i) "Group 1" means employers with a greater than zero benefit ratio plus employers having no established experience period.

• (ii) "Group 2" means employers with a zero benefit ratio.

(b) Allocation Formula. When a positive fund balance adjustment factor has been determined applicable, and upon completion of the computation of the positive fund balance adjustment factor, the following formulas will be used to allocate the positive fund balance adjustment factor between Group 1 and Group 2:

Group 1 allocated fund balance adjustment factor = ((Prior calendar year Group 1 percent of total taxes paid) times (statistically projected fund balance factor revenue)) divided by ((prior calendar year Group 1 percent of total taxable wages) times (statistically projected taxable wages for the applicable tax year))

Group 2 allocated fund balance adjustment factor = ((Prior calendar year Group 2 percent of total taxes paid) times (statistically projected fund balance factor revenue)) divided by ((prior calendar year Group 2 percent of total taxable wages) times (statistically projected taxable wages for the applicable tax year))

053-15 Wyo. Code R. § 15-3