Virgin Islands contribution rates set by law
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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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