Virgin Islands contribution rates set by law
Wednesday, February 5, 2020

Virgin Islands contribution rates set by law

By Payroll and Entitlements Editorial Staff

Contribution rates in the Virgin Islands are set by law. New employers pay 2.0%. All other employers pay a rate of 5.4% unless their accounts have been charged with benefits for each of the four completed calendar quarters ending September 30 of any year. Such employers will pay contributions at a rate determined by their reserve ratios. No employer’s rate under any schedule will be less than 1.5% or greater than 6.0% (DOL Communication).

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