96-11.6. Interest on Unemployment Insurance Fund allocated among employers' accounts.
The Division must determine the ratio of the credit balance in each employer's account to the total of the credit balances in all employers' accounts as of the computation date. The Division must allocate an amount equal to the interest credited to this State's account in the Unemployment Trust Fund for the four completed calendar quarters preceding the computation date on a pro rata basis to these accounts. The amount must be prorated to an employer's account in the same ratio that the credit balance in the employer's account bears to the total of the credit balances in all the accounts. Voluntary contributions made by an employer after July 31 of a year are not considered a part of the employer's account balance used in determining the allocation under this section until the computation date in the following year. (2013-2, s. 4; 2013-224, s. 19.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 96 - Employment Security
Article 2B - Administration of Employer Accounts.
§ 96-11.1 - Employer accounts.
§ 96-11.2 - Allocation of charges to base period employers.
§ 96-11.3 - Noncharging of benefits.
§ 96-11.4 - No relief for errors resulting from noncompliance.
§ 96-11.5 - Contributions credited to wrong account.
§ 96-11.6 - Interest on Unemployment Insurance Fund allocated among employers' accounts.
§ 96-11.7 - Transfer of account to another employer.