What Is The Contribution Rate?
The initial contribution rate for new employers without an unemployment insurance history is set at the positive reserve percentage of 10.5 11.0 for the current schedule. Therefore, this rate changes any time the schedule changes. This "new employer rate" remains in effect for two years and then experience rating begins. The experience rating takes into account the following:
- Your account balance based on the immediately preceding twelve months of activity
- Plus the contributions you paid
- Less the benefits charged to your account
- Less the statewide "solvency assessment" charged to your account. (See explanation below.)
Each year during February, you will receive a "Notice of Unemployment Insurance Contribution Rate" (Form 9701) with your annual rate and the data used to calculate it. This rate is used to compute your next four quarterly contribution payments.
Get Help from an Experienced Employment Law Attorney
Have you been discriminated against by a potential or current employer -- as a job applicant or current employee? To best protect your legal rights you should discuss your situation with an employment lawyer. Meet with a local employment for employees attorney sooner rather than later to protect your rights.
Additional Employment Law for Employees Articles
- Massachusetts Employment Law
- What Is The Law Regarding Paydays?
- Are Companies Required To Give Vacations?
- Are Employees Entitled To Breaks?
- What Is The Minimum Hourly Wage An Employer Must Pay Employees In Massachusetts?
- What Is The Requirement For Overtime Pay?
- How Old Must A Minor Be To Work?
- Can A Child Be Employed On The Entertainment Industry?
- Is An Employment Permit Transferable From One Job To Another?
- Where Can I Get More Information On Child Labor Laws?
- What Is The Prevailing Wage?
- How Can An Employee Find The Prevailing Wage Rates For A Particular Job?
- How Do I File A Claim For Unemployment Insurance Benefits?
- What Are The Eligibility Requirements?
- What Is The Benefit Amount?
- How Do I File For Continued Weekly Benefits?
- Are Unemployment Benefits Taxable?
- Am I Still Eligible For Benefits If I Work Part Time?
- What Is The Medical Security Plan?
- What Can I Do If I Am Denied Benefits?
- Which Employers Are Liable For Unemployment Tax?
- How Do I Register My Business?
- How Does An Employer Get Started To Use Webfile For Employers?
- What Is The Workforce Training Fund?
- Who Is Eligible For Training?
- What Kind Of Training Is Allowable?
- What Are The Matching Funds Requirements?
- How Will Grants Be Approved?
- How Can My Company Apply?