South Carolina Revised Unemployment Rates Update
Following is a link to a press release on the South Carolina website regarding the
revised rates and how overpayments and refunds will be handled.
We have also been informed that some employers assigned a rate in rate class 13-20
will receive another revised rate notice in the near future. This relates to
Section 41-31-50(4) that was added to the law with HB 3762. This section states
that employers that were credited with more in unemployment tax contributions than
benefits charged for the period July 1, 2003 through June 30, 2010 cannot be assigned
a rate higher than the Rate Class 12 rate (2.237%). The state was not able to
complete the programming needed to identify the employers that fall into this category
before the first round of revised rates were issued; therefore, around 2,000 employers
will receive a second even lower revised rate. The projected date for issuance
of the second round of revised rates has not yet been determined.
Employer Tax Services
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