Illinois announces its contribution rates for 2021
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Tuesday, December 29, 2020

Illinois announces its contribution rates for 2021

By Payroll and Entitlements Editorial Staff

For calendar year 2021, the adjusted state experience factor is 95% and the benefit conversion factor remains at 138.4%. Total rates range from 0.675% to 6.875%, including the 0.475% fund building factor in effect for 2021. 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 pay 3.175% for 2021. There are no NAICS-rated sectors in 2021 that will pay a higher entry rate (DES Communication).

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