[§392-67]  Assessments for the special fundfor disability benefits.  (a)  Each employer shall, from July 1, 1969,to December 31, 1969, contribute to the establishment of the special fundfor disability benefits at the rate of .2 per cent of covered wages as definedin section 392-43.  The employer shall pay such contributions to the directorfor a given month on or before the thirtieth day of the next succeeding month.

(b)  When the balance of the special fund fordisability benefits falls below $500,000 as of December 31 of any yearafter 1969, a levy shall be assessed and collected in the next calendar yearfrom insurers of employers insured under section 392-41 and from all otheremployers not insured under section 392-41.

Each year the director shall determine theamount of the levy to be paid by each insurer or employer and shall give noticeof the levy to each such insurer or employer on or before May 1 of theyear in which the levy is assessed.  The amount of the levy shall be paid on orbefore June 30 following notification.

The amount of the levy against each insurer oremployer shall be determined as the product of the wages paid by the employermultiplied by a factor which is the ratio of the amount by which the balance inthe special disability benefits fund was less than $500,000 on the precedingDecember 31 to total covered wages paid by all employers.  For thepurposes of this paragraph, "covered wages" means wages paid byemployers during the preceding calendar year but not including wages paid toany employee in excess of the limit contained in section 392-43(b). [L 1969, c148, pt of §1]