New York Codes, Rules and Regulations › Title 12 - DEPARTMENT OF LABOR › Chapter VII - Division Of Unemployment Insurance › Subchapter B - Unemployment Insurance › Article 2 - Rules of the Industrial Commissioner › Part 481 - Joint Accounts › Section 481.1 - Joint accounts

Current through Register Vol. 46, No. 28, July 10, 2024
(a) Upon
					 the application of any two or more qualified employers engaged in the same or a
					 related trade, occupation, profession or enterprise, or having a common
					 financial interest, a joint account shall be established for a period which
					 begins with the calendar quarter in which the application is filed and includes
					 at least the two calendar years following the year in which the application is
					 filed. Such application shall be submitted to the Department of Labor. The rate
					 of contribution applicable to the joint account shall be computed as of the
					 computation date in the preceding calendar year, and such rate shall apply from
					 the first day of the calendar quarter in which the application is made to the
					 end of that calendar year. The rate of contribution applicable to the joint
					 account with respect to any calendar year following the calendar year in which
					 the application is made shall be determined or redetermined as of the
					 computation date in the preceding calendar year.
(b) The addition of a new employer or
					 employers to an existing joint account shall be subject to the following
					 conditions: the existing joint account shall for the purposes of establishing a
					 new joint account be considered as though it were a single employer and the
					 conditions governing the establishment of the joint account prescribed in
					 subdivision (a) of this section shall apply.
(c) Not earlier than in the second calendar
					 year following the year in which the joint account was established, an
					 application for its dissolution may be filed by one or more of the employers
					 included in such joint account. Such application shall be submitted to the
					 Department of Labor. Such application shall indicate that prior notice has been
					 given by the applicant to any employer who has not joined in the application.
					 Upon such dissolution and as of the computation date in the calendar year in
					 which the application is made,
(1) with
					 respect to joint accounts established among qualified employers pursuant to
					 subdivision 3 of section 581 of the Unemployment Insurance Law, there shall be
					 established for each of the several employers an account balance on the basis
					 of their individual experience as of that date;
(2) with respect to joint accounts
					 established pursuant to subdivision 7 of section 577 of the Unemployment
					 Insurance Law in effect on June 3, 1951 and pursuant to subdivisions (b) and
					 (c) of this section in effect on September 7, 1951, the employer account
					 balance credited to the joint account on the computation date in the calendar
					 year in which the application was filed, shall be apportioned among the
					 individual employers in proportion to their total payrolls in the three most
					 recently completed calendar years prior to such date.
The rate of contribution applicable to the account of
						each employer included in any dissolved joint account shall be respectively
						determined or redetermined as of the computation date in the calendar year in
						which such application is filed, and such rates shall apply to wages paid in
						the following calendar year.