Source: https://www.oregonlaws.org/ors/657.459
Timestamp: 2019-07-16 04:31:13
Document Index: 497261915

Matched Legal Cases: ['§3', '§16', '§2', '§4', '§10', '§462', '§7']

ORS 657.459 - Computation of Fund Adequacy Percentage Ratio - 2017 Oregon Revised Statutes
2017 ORS Vol. 14 Chapter 657 Section 657.459
“Computa­tion date” defined for ORS 657.430 to 657.463 and 657.471 to 657.485
657.410
Minimum wage for employee without fixed wage
657.415
When employer ceases to be subject to this chapter
657.425
Elec­tion of coverage for services that do not constitute employ­ment as defined in this chapter
657.430
Tax rates based on experience
657.435
Base rate for first year
Wage Security Program fund­ing
657.457
Penalty when employer fails to file contribu­tion reports and pay contribu­tions when due
657.458
Defini­tions for employer tax rate computa­tions
Computa­tion of Fund Adequacy Percentage Ratio
657.462
Computa­tion of benefit ratio
657.463
Manner of charging benefits to employer
657.473
State­ment of benefits charged to employer’s account
657.475
Where a number of the same workers are normally employed by several employers
657.477
Related corpora­tions as common paymaster
657.480
657.485
Notice of rate
657.487
Judicial review of decisions under ORS 657.485
657.490
Employer or employee has no prior right to employer’s contribu­tions
657.495
Fraud in lowering contribu­tions
2017 ORS 657.459¹
Computation of Fund Adequacy Percentage Ratio
(1) For the purpose of computing employer tax rates, the Director of the Employment Department, or the director’s authorized representative, shall compute a “Fund Adequacy Percentage Ratio.” This computation shall be made in September of each year and shall be the ratio of the amount in the Unemployment Compensation Trust Fund, as of August 31 preceding the computation, to a calculated amount of benefits that would be paid during the following calendar year if high unemployment were to occur. The calculated amount of benefits shall be determined as follows:
(a) Average monthly employment in the calendar year preceding the calculation shall be divided by the average monthly employment in the high benefit cost period with the resulting quotient carried to the fourth decimal place.
(b) The adjusted average weekly check amount for the calendar year preceding the calculation shall be divided by the average weekly check amount in the high benefit cost period with the resulting quotient carried to the fourth decimal place.
(c) The amount of benefits paid during the high benefit cost period and attributable to employers subject to the tax shall be multiplied by the quotient determined in paragraph (a) of this subsection. The resulting product shall be multiplied by the quotient determined in paragraph (b) of this subsection. All benefits paid from the Unemployment Compensation Trust Fund attributable to employers subject to the tax, including but not limited to the Oregon share of extended benefits and any special state additional benefits, shall be included in the amount of benefits under this subsection.
(2) The amount in the Unemployment Compensation Trust Fund, as of August 31 preceding the computation, shall be divided by the final product determined in subsection (1)(c) of this section. The quotient obtained shall be expressed as a percentage and is the “Fund Adequacy Percentage Ratio” used to determine the applicable schedule of Table A of ORS 657.462 (Computation of benefit ratio) to be in effect for the succeeding calendar year.
(3) Notwithstanding the provisions of subsection (2) of this section, if the product obtained by multiplying 3.0 times the average monthly employment in the calendar year preceding the calculation times the adjusted average weekly check amount for the calendar year preceding the computation exceeds the amount determined in subsection (1)(c) of this section, such product shall be used in lieu of the amount determined in subsection (1)(c) of this section in the Trust Fund Adequacy Ratio calculation in subsection (2) of this section.
(4) Products obtained in subsections (1) and (3) of this section shall be rounded to the nearest dollar. [1969 c.157 §3 (657.458 (Definitions for employer tax rate computations) and 657.459 (Computation of Fund Adequacy Percentage Ratio) enacted in lieu of 657.461); 1971 c.463 §16; 1975 c.354 §2; 1977 c.538 §4; 1983 c.508 §10; 2005 c.22 §462; 2005 c.183 §7]