Washington Administrative Code
Title 192 - Employment Security Department
PAID FAMILY AND MEDICAL LEAVE
Chapter 192-510 - Assessing and collecting premiums
Section 192-510-090 - How will the department determine the premium rate for each calendar year?
Universal Citation: WA Admin Code 192-510-090
Current through Register Vol. 24-18, September 15, 2024
(1) For calendar years 2021, 2022, and 2023, the total premium rate shall be based on the family and medical leave insurance account balance ratio as of September 30th of the previous year.
(a) The commissioner shall
calculate the account balance ratio by dividing the balance of the family and
medical leave insurance account by total covered wages paid by employers and
those electing coverage.
(b) For
the purposes of this section, "total covered wages" is defined as the total
amount of wages paid to employees that are subject to the paid family and
medical leave premium from July 1st of the previous calendar year to June 30th
of the current calendar year as reported by employers.
(2) For calendar years 2024 and thereafter, the total premium rate shall be based on the calculation specified in RCW 50A.10.030.
(3) For the purposes of the calculation described in subsection (2) of this section, a small business grant paid to an employer as specified by chapter 50A.24 RCW shall be considered a benefit paid.
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