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268B.14 <br />MINNESOTA STATUTES 2024 2 <br />(b) The premium rate for small employers eligible under this subdivision is 75 percent of the annual <br />premium rate calculated in subdivisions 6 and 7, as follows: <br />(1) employers must pay a minimum of 25 percent of the rate calculated in subdivisions 6 and 7. Employers <br />shall not deduct from any employees' pay to fund the employer portion of the premium; and <br />(2) employees must pay the remaining portion due under this subdivision, if any, of the premium not <br />paid by the employer. The employer must make wage deductions as necessary under this subdivision to <br />fund the employee portion of the premium. <br />Subd. 5b. Employee count. (a) The basis period for determining premiums under: <br />(1) subdivision 5a; <br />(2) average employer wages under subdivision 5c; and <br />(3) eligibility for small employer assistance grants under section 268B.29 for any tax year shall be the <br />four -quarter period ending September 30 of the prior year. <br />(b) For each employer that has been covered for the entirety of the basis period, the maximum number <br />of quarterly wage records reported by the employer during the basis period shall be used to determine <br />premiums under subdivision 5a and eligibility for small employer assistance grants under section 268B.29. <br />(c) For any employer not covered for the entirety of the basis period, the number of employees used to <br />determine premiums under subdivision 5a and eligibility for small employer assistance grants under section <br />268B.29 shall be based on the number of employees working in Minnesota the employer estimates they will <br />employ in the following calendar year. <br />(d) If upon a review of the actual number of wage records reported, it is found that a new employer's <br />estimate at time of registration was ten percent or more less than the actual number of records reported, the <br />employer's premiums under subdivision 5a and eligibility for small employer assistance grants under section <br />268B.29 shall be recalculated based on the wage records reported. <br />Subd. 5c. Average wage for employer. (a) For each employer that has been covered for the entirety of <br />the basis period, the employer's average wage shall be calculated by dividing the maximum amount of <br />covered wages reported by the employer in a single quarterly wage record during the basis period by the <br />maximum number of quarterly wage records reported by the employer during the basis period. <br />(b) For any employer not covered for the entirety of the basis period, the employer's average wage shall <br />by calculated by dividing the employer's estimated amount of covered wages in the following tax year by <br />the employer's estimated number of employees working in Minnesota the employer will employ in the <br />following calendar year. <br />(c) If upon a review of the actual amount of covered wages reported it is found that a new employer's <br />estimate at time of registration was ten percent or more less than the actual amount of covered wages, the <br />employer's premiums under subdivision 5a and eligibility for small employer assistance grants under section <br />268B.29 shall be recalculated based on the wage records reported. <br />Subd. 6. Annual employer premium rates. The employer premium rates beginning January 1, 2026, <br />shall be as follows: <br />(1) for an employer participating in both family and medical benefit programs, 0.7 percent; <br />Official Publication of the State of Minnesota <br />Revisor of Statutes <br />