§383-68  Contribution rate schedules; fundsolvency rate schedule; rates based on experience.  (a)  BeforeDecember 31 of each year the fund solvency contribution rate applicablefor the following calendar year shall be determined on the basis of the relationshipbetween the most recent current reserve fund and the most recent adequatereserve fund.  The fund solvency contribution rate shall apply for calendaryears 1985 through 1991 and shall be that rate that appears on the same line asthe ratio (rounded to the nearest hundredth) of the current reserve fund to theadequate reserve fund in the fund solvency contribution rate schedule set forthin this paragraph.

 

FUND SOLVENCYCONTRIBUTION RATE SCHEDULE

 

Ratio of Current Reserve Fund FundSolvency

to Adequate Reserve Fund ContributionRate

2.00 or more -.5 percent

1.50 to 1.99 -.2 percent

1.00 to 1.49 0

.90 to  .99 + .4 percent

.80 to  .89 + .8 percent

.60 to  .79 +1.2 percent

.40 to  .59 +1.6 percent

.20 to  .39 +2.0 percent

Less than .20 +2.4 percent

(b)  For calendar years 1985 through 1991 thecontribution rate of any employer eligible for a reduced rate in accordancewith section 383-66(2) shall be the sum of the employer's basic contributionrate for such year determined pursuant to this subsection and the fund solvencycontribution rate determined for such year pursuant to subsection (a); exceptthat no employer's contribution rate shall be less than zero, no employer'scontribution rate shall be greater than five and four-tenths per cent, and noemployer with a negative reserve ratio shall have a contribution rate less thanthat employer's basic contribution rate.

Subject to the requirements of sections 383-63to 383-67 and 383-69, an employer's basic contribution rate for a calendar yearshall be that rate which appears on the same line as the employer's reserveratio for the year in the basic contribution rate schedule set forth in thissubsection.

 

BASICCONTRIBUTION RATE SCHEDULE

 

Reserve Ratio ContributionRate

.1500 and over .2 per cent

.1400 to  .1499 .4 per cent

.1300 to  .1399 .6 per cent

.1200 to  .1299 .8 per cent

.1100 to  .1199 1.0 per cent

.1000 to  .1099 1.2 per cent

.0900 to  .0999 1.4 per cent

.0800 to  .0899 1.6 per cent

.0700 to  .0799 1.8 per cent

.0600 to  .0699 2.2 per cent

.0500 to  .0599 2.6 per cent

.0300 to  .0499 3.0 per cent

.0000 to  .0299 3.6 per cent

-.0000 to -.0499 4.2 per cent

-.0500 to -.0999 4.8 per cent

-.1000 and less 5.4 per cent

(c)  Effective with calendar year 1992 andthereafter, before December 31 of the previous year the contribution rateschedule for the following calendar year shall be determined on the basis ofthe relationship between the most recent current reserve fund and the mostrecent adequate reserve fund, in accordance with this subsection and subsection(d).

(1)  Whenever the ratio of the current reserve fund tothe adequate reserve fund is greater than 1.69, contribution rate schedule Ashall apply.

(2)  Whenever the ratio of the current reserve fund tothe adequate reserve fund is 1.3 to 1.69, contribution rate schedule B shallapply.

(3)  Whenever the ratio of the current reserve fund tothe adequate reserve fund is 1.0 to 1.29, contribution rate schedule C shall apply.

(4)  Whenever the ratio of the current reserve fund tothe adequate reserve fund is .80 to .99, contribution rate schedule D shallapply.

(5)  Whenever the ratio of the current reserve fund tothe adequate reserve fund is .60 to .79, contribution rate schedule E shallapply.

(6)  Whenever the ratio of the current reserve fund tothe adequate reserve fund is .40 to .59, contribution rate schedule F shallapply.

(7)  Whenever the ratio of the current reserve fund tothe adequate reserve fund is .20 to .39, contribution rate schedule G shallapply.

(8)  Whenever the ratio of the current reserve fund tothe adequate reserve fund is less than .20, contribution rate schedule H shallapply.

(d)  Subject to the requirements of section383-63 to 383-69, an employer's contribution rate for calendar year 1992 andfor each calendar year thereafter shall be that rate which appears on the sameline as the employer's reserve ratio for that year in the contribution rateschedule applicable for the year as specified in subsection (c).

 

CONTRIBUTIONRATE SCHEDULES (rates in percentages)

 

  Reserve Ratio A B C D E F G H

  .1500 and over 0.0  0.0  0.0  0.2  0.6  1.2  1.8  2.4

  .1400 to .1499  0.0  0.0  0.1  0.4  0.8  1.4  2.0  2.6

  .1300 to .1399  0.0  0.0  0.2  0.6  1.0  1.6  2.2  2.8

  .1200 to .1299  0.0  0.1  0.4  0.8  1.2  1.8  2.4  3.0

  .1100 to .1199  0.0  0.2  0.6  1.0  1.4  2.0  2.6  3.2

  .1000 to .1099  0.1  0.3  0.8  1.2  1.6  2.2  2.8  3.4

  .0900 to .0999  0.3  0.5  1.0  1.4  1.8  2.4  3.0  3.6

  .0800 to .0899  0.5  0.7  1.2  1.6  2.0  2.6  3.2  3.8

  .0700 to .0799  0.7  0.9  1.4  1.8  2.2  2.8  3.4  4.0

  .0600 to .0699  0.9  1.1  1.6  2.0  2.4  3.0  3.6  4.2

  .0500 to .0599  1.1  1.3  1.8  2.2  2.6  3.2  3.8  4.4

  .0300 to .0499  1.3  1.5  2.0  2.6  3.0  3.6  4.2  4.8

  .0000 to .0299  1.7  1.9  2.4  3.0  3.4  4.0  4.6  5.2

 -.0000 to  -.0499  2.1  2.3  2.8  3.4  3.8  4.4  5.0  5.4

 -.0500 to  -.0999  2.5  2.7  3.2  4.0  4.4  5.0  5.4  5.4

 -.1000 to  -.4999 2.9  3.1  3.6  4.6  5.0  5.4  5.4  5.4

 -.5000 to  -.9999  3.4  3.6  4.2  5.2  5.4  5.4  5.4  5.4

-1.0000 to -1.4999  4.1  4.2  4.8  5.4  5.4  5.4  5.4  5.4

-1.5000 to -1.9999  4.7  4.8  5.4  5.4  5.4  5.4  5.4  5.4

-2.0000 and less 5.4  5.4  5.4  5.4  5.4  5.4  5.4  5.4

 

[L 1939, c 219, §7(c)(3); am L 1941, c 304, §1, ptof subs 21; RL 1945, §4253; am L 1945, c 19, §1(6); am L 1955, c 16, §1(b); RL1955, §93-67; am L 1964, c 55, §10; HRS §383-68; am L 1969, c 277, §3; am L1974, c 155, §2; am L 1978, c 235, §2; am L 1984, c 229, §1; gen ch 1985; am L1991, c 68, §8]