Wyo. Code R. 053-0018-15
Effective Date: 04/25/2014 to Current
Rule Type: Current Rules & Regulations
Reference Number: 053.0018.15.04252014
Section 1. Cut-Off Date. All actions that occur prior to July 1 involving benefit charges or relief of charges that affect an employer's tax rate, shall be used in the computation of the employer's rate for the ensuing calendar year. At the Division's discretion, actions involving benefit charges or relief of charges that affect an employer's tax rate, of which the Division is notified prior to October 1, may be used in the computation of the employer's tax rate for the ensuing calendar year.
Section 2. Acquisitions and Transfers. An employer acquiring the trade, organization, business, substantially all the assets, or who transfers some or all of the workforce of an employer in accordance with W.S. 27-3-507 (a) or (b) shall notify the Division of the acquisition or transfer in writing and shall submit a completed registration form reflecting the entity that exists after the acquisition or transfer.
Section 3. Fund Balance Adjustment Factor Allocation.
(a) Definitions. As used in this section:
(i) "Group 1" means employers with a greater than zero benefit ratio plus employers having no established experience period.
(ii) "Group 2" means employers with a zero benefit ratio.
(b) Allocation Formula. When a positive fund balance adjustment factor has been determined applicable, and upon completion of the computation of the positive fund balance adjustment factor, the following formulas will be used to allocate the positive fund balance adjustment factor between Group 1 and Group 2:
Group 1 allocated fund balance adjustment factor = ((Prior calendar year Group 1 percent of total taxes paid) times (statistically projected fund balance factor revenue)) divided by ((prior calendar year Group 1 percent of total taxable wages) times (statistically projected taxable wages for the applicable tax year))
Group 2 allocated fund balance adjustment factor = ((Prior calendar year Group 2 percent of total taxes paid) times (statistically projected fund balance factor revenue)) divided by ((prior calendar year Group 2 percent of total taxable wages) times (statistically projected taxable wages for the applicable tax year))
Section 4. Calculation of Taxable Wages. When the Division calculates the benefit ratios for employer's accounts involving benefit charges and taxable wages pursuant to W.S. 27-3-503(e), the Division will use standard rounding principles whereby the fifth decimal point shall be rounded up if calculated to be a numerical value of five or more.