Rates |
Indiana |
Illinois |
Michigan |
Ohio |
Kentucky |
|
New Employer Rate |
2.7% |
3.1%+ |
2.7% |
2.7%+ |
2.7% |
Wage Base |
$7,000 |
$9,000 |
$9,500 |
$9,000 |
$8,000 |
New Employer
Cost / Employee |
$189 |
$279 |
$256.50 |
$243 |
$216 |
Average Tax Rate
(2003) |
1.2% |
2.2% |
2.7% |
1.5% |
2.0% |
Average Tax
(per Employee) |
$84 |
$198 |
$256.50 |
$135 |
$160 |
Min. Tax Rate
(2003) |
0.01% |
0.60% |
0.06% |
0.1% |
0.0% |
$/Employee |
$7.00 |
$54 |
$5.70 |
$9.00 |
$0.00 |
Maximum Tax Rate
(2003) |
5.40% |
7.20% |
9.3% |
6.5% |
9.0% |
$/Employee |
$378 |
$648 |
$883.50 |
$585 |
$720 |
Maximum Benefit |
$324 |
$331-$438 |
$362 |
$315-$424 |
$341 |
Average Benefit
(3rd Quarter, 2002) |
$249.54 |
$272.17 |
$288.28 |
$246.14 |
$248.89 |
Average Duration
(2002) in weeks |
13.9 |
18.4 |
14.1 |
15.8 |
15.3 |
Average Payout
(Claim) |
$3,468.61 |
$5,000.93 |
$4,064.75 |
$3,889.01 |
$3,808.02 |
*Trust Fund as % of
Total Wages / Rank |
1.66/23 |
0.43/48 |
1.80/20 |
1.23/35 |
1.32/31 |
*High Cost Multiple /
Rank |
0.93/13 |
0.32/50 |
0.48/36 |
0.40/42 |
0.48/37 |
* Trust Fund as a % of Total Wages and
High Cost Multiple are measures of solvency - Rank of 1 is
best and 53 is worst (D.C., Puerto Rico, and Virgin Islands
are included in master data).
Source: Indiana Manufacturers Association, 08/03
|
