341.550 Pooled account for contributing employers.
422 words·~2 min read·
/ky/chapter-341/341-550A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)The cabinet shall maintain a pooled account for contributing employers to which
shall be credited:
(a)Payments received from the federal government under the provisions of
Section 204(a)(1) of the "Federal-State Extended Unemployment
Compensation Act of 1970," and amendments thereto;
(b)All realized earnings and gains on investments of the fund;
(c)Except as provided in KRS 341.540, any balance remaining in the reserve
account of any previously subject contributing employer after such employer
has ceased to be subject to this chapter;
(d)Any payments into or amounts in the fund not allocable to any employer's
reserve account; and
(e)Any payments collected under subsection
(2)of this section.
(a)Except as provided in KRS 341.530(4), any benefits paid through error which
would otherwise have been chargeable to the reserve account of a contributory
employer shall be charged against the pooled account. However, no employer
making payments to the fund in lieu of contributions shall be relieved of
charges by reason of this subsection.
(b)The repayment of benefits paid erroneously as provided in subsection
(1)of
KRS 341.415 shall be credited to the pooled account. The pooled account
shall be credited with any sums deducted from future benefits as provided in
KRS 341.415 and shall be credited to the pooled account, provided the
benefits were charged to the pooled account by reason of KRS 341.530(3), or
paragraph
(a)of this subsection. Except as provided in KRS 341.415(1), if the
benefits were charged to and paid by any employer making payments to the
fund in lieu of contributions, the amount of the repayment or the sum
deducted from future benefits shall be credited to the reimbursing account of
that employer, and may upon written request from the employer be refunded
without interest.
(3)One-half (1/2) of the benefits paid to an eligible worker in accordance with KRS
341.700 to 341.740 shall be charged against the pooled account, except that during
a period in which federal payments to states under Section 204 of the Federal-State
Extended Unemployment Compensation Act of 1970 are reduced under an order
issued under Section 252 of the Balanced Budget and Emergency Deficit Control
Act of 1985 (Public Law 99-177), one-half (1/2) of the benefits paid to an eligible
worker in accordance with KRS 341.700 to 341.740, reduced by an amount equal to
the difference of one-half (1/2) of the benefits paid to an eligible worker in
accordance with KRS 341.700 to 341.740 and the amount of the federal payment,
shall be charged against the pooled account.