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Direct Reimbursing Formula to Calculate Maximum Potential Reimbursement Payment Due
For Unemployment Insurance (UI) Claims filed on 1/1/13 through 3/31/13
  1. Multiply the number of employees who will file an unemployment insurance (UI) claim and were paid $41,920 or more on 10/1/11 through 9/30/12 by $13,624.  (X number of employees multiplied by $13,624 = ?)
  2. Multiply the amount of wages paid to employees who will file a UI claim that is less than $41,920 but more than $9,840 on 10/1/11 through 9/30/12 by .325. (X amount of wages multiplied by .325 = ?)
  3. Multiply the number of employees who will file a UI claim and were paid $9,840 or less on 10/1/11 through 9/30/12 by $3,172. (X number of employees multiplied by $3,172 = ?)

 
Add the answers to step 1, 2 and 3 to determine the maximum potential reimbursement payment due. (Answer 1 + Answer 2 + Answer 3 = maximum potential reimbursement payment due) 
 
Maximum potential reimbursement payment is due in 2011-13 biennium. 
 

Example of Direct Reimbursing Formula
  1. Two employees were paid more than $41,920 on 10/1/11 through 9/30/12.  (2 * $13,624 = $27,248)
  2. There were $50,000 in wages paid to employees less than $41,920 but more than $9,840 on 10/1/11 through 9/30/12. ($50,000 * .325 = $16,250)
  3. Three employees were paid less than $9,840 on 10/1/11 through 9/30/12. (3 * $3,172 = $9,516)

 
Maximum potential reimbursement payment due is the sum of the answers to 1, 2 and 3 above. ($27,248 + $16,250 + $9,516 = $53,014 due in 2011-13) 
 

Interactive Direct Reimbursing Formula
 
Interactive Formula
 

Disclaimers
 
As of July 1, 2009 SB 462 becomes effective, allowing UI claimants to qualify for a claim with an alternate base year. The direct reimbursing formula to calculate maximum potential reimbursement payment due may not accurately calculate the maximum potential reimbursement payment due if claims using the alternate base year are involved.
 
This formula does not apply to taxpaying employers or employers participating in the LGEBTF reporting option. 
 
This formula is valid only for claims filed on 1/1/13 through 3/31/13.
 
The amount generated by this formula is the maximum potential liability for reimbursing employers.
 
This formula will be invalidated by any statutory changes in the state average weekly covered wage, benefit base period, minimum or maximum weekly benefit amounts.
 
This formula applies to regular UI claims only and does not apply to any extended benefits programs. 
 
Claims paid on 1/1/13 through 3/31/13 will be billed to agencies in April 2013 with payment due by 5/31/13. 
 
Claims paid on 4/1/13 through 7/31/13 will be billed to agencies in August 2013 with payment due by 9/30/13. 
 
This formula is not a guarantee of benefits paid or reimbursements owed. This formula is intended for planning purposes only.