|
must be equally divided between payments into the fund and payments |
| to the fund administrator until the fund administrator is |
| reimbursed for the fund administrator's initial deposit into the |
| fund.__If an employer's loss due to a participating payroll |
| processor's failure to pay taxes or unemployment insurance premiums |
| is demonstrated to the satisfaction of the fund administrator, the |
| fund administrator shall require release of funds to the fund |
| administrator for the benefit of the employer.__If employer losses |
| exceed the maximum amount recoverable pursuant to this subsection, |
| funds are distributed to employers on a pro rata basis, based on |
| the magnitude of the demonstrated loss.__In the event an initial |
| claim is made against the fund, any other claims arising within 45 |
| days of the initial claim must be treated as having arisen on the |
| same day as the initial claim for purposes of allocating recoveries |
| to affected employers.__Total funds released as a result of the |
| failure of any one payroll processor to pay taxes or unemployment |
| insurance premiums may not exceed 50% of the current fund balance.__ |
| Fund proceeds must be used only for recovery of unpaid taxes and |
| unemployment insurance premiums and may not be used for any other |
| purpose. |
