Cal. Unemp. Ins. Code § 828
Each school employer shall be responsible for a quarterly local experience charge as set forth below, together with the charges or penalties set by the administrator for administrative indiscretions, including tardiness and error, as well as all costs for benefits and administration resulting from failure to properly cover an employee. The reimbursement for charges shall be delinquent 30 days from the date of notice and if not paid within the time required, the school employer shall pay a penalty of 10 percent of the unpaid amount, plus interest at the adjusted annual rate established pursuant to Section 19521 of the Revenue and Taxation Code from and after the date of delinquency until paid. The local experience charge to be levied against each school employer shall be computed as follows:
Local Experience Charge
The factor derived is the employer's reserve ratio. If, as of the computation date, the school employer's reserve ratio equals or exceeds that which appears on any line in column 1 of the following table, but is less than that which appears in column 2 of that table, the local experience charge rate shall be the figure appearing on that same line in column 3 of that table.
(Column 1) | (Column 2) | (Column 3) | ||
Line | Reserve Ratio | Rate | ||
1 ........................ negative | to | 1.00 | 15% | |
2 ........................ 1.00 | to | 2.00 | 10% | |
3 ........................ 2.00 | to | 3.00 | 5% | |
4 ........................ 3.00 | or | more | 0% | |
The administrator shall, not later than March 31 of each year, notify each school employer participating in the School Employees Fund of their local experience charge rate for the succeeding fiscal year.
Ca. Unemp. Ins. Code § 828