By Payroll and Entitlements Editorial Staff
For 2020, all positive reserve ratio balance employers, except new employers, will receive rate increases. Rates for positive reserve ratio employers will range from 0.05% to 6.18%. An employer with a reserve ratio of zero pays at a rate of 6.42%. Negative ratio employers will pay rates ranging from 6.78% to 12.85%. New employers will continue to pay 2.0% (DES Communication).
Interested in submitting an article?
Submit your information to us today!Learn More