Arkansas Code § 19-5-708 - Maximum Contributions

In no event shall any experience rate result in a state agency making contributions of more than three percent (3%) of its gross payroll expenditures. In the event that an agency builds a deficit which would require a contribution rate greater than three percent (3%), then that agency shall continue to make contributions at the rate of three (3%), even though eligible for an experience rate reduction, until any deficit owed the fund is repaid. Only then shall the actual experience rate be used to compute such agency contributions.

Section: Previous  19-5-702  19-5-703  19-5-704  19-5-705  19-5-706  19-5-707  19-5-708  19-5-709  19-5-710    Next

Last modified: November 15, 2016