Illinois announces its 2020 contribution rates
News
Monday, January 13, 2020

Illinois announces its 2020 contribution rates

By Payroll and Entitlements Editorial Staff

For calendar year 2020, the adjusted state experience factor is 79% and the benefit conversion factor remains at 138.4%. Total rates range from 0.625% to 6.825%, including the 0.425% fund building factor in effect for 2020. An employer whose contribution rate is 5.40% or higher and whose total quarterly wages are less than $50,000 pays contributions at 5.40% in that quarter. New employers, including construction employers, pay 3.125% for 2020. The only NAICS-rated sector in 2020 that will pay a higher entry rate is mining and those employers will pay 3.325%. These rates include the 0.425% fund building factor (DES Communication).

Back to Top

Interested in submitting an article?

Submit your information to us today!

Learn More