(a) When the most current average high cost multiple published by the United States Department of Labor, Employment and Training Administration, is 0.8 or above on September 30 in the year preceding the year for which rates are being calculated, the commissioner shall consult with the actuary in the department regarding the expected unemployment rate for the next tax year, the expected number and amount of state funds needed to pay claims for state-funded benefits for the next tax year, and the expected amount of state tax revenue. Based on the actuary's advice and any other relevant information, the commissioner may suspend, in whole or in part, any unemployment rate of contribution increases that would have occurred for that year under the calculation of the rate of contributions described in AS 23.20.290 . If an increase of the rate of contribution calculated under AS 23.20.290 is suspended, in whole or in part, the calculation of the fund solvency adjustment surcharge as described in AS 23.20.290 (f) for the subsequent year must refer to the results of the last rate of contribution calculation for which the increase was not suspended, in whole or in part, when determining the level from which the fund solvency adjustment may not increase by more than 0.3 percent.
(b) In this section, "average high cost multiple" has the meaning given in 20 C.F.R. 606.3.
Section: Previous 23.20.280 23.20.281 23.20.285 23.20.290 23.20.291 23.20.293 23.20.295 23.20.297 23.20.299 23.20.300 23.20.305 NextLast modified: November 15, 2016