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KRS 341.040

Reserve account, reimbursing employer account, pooled account, and annual payroll

Applied in 3 court decisions — leading case Oppenheimer v. Commonwealth (1947)

Most recently applied in Kentucky Unemployment Insurance Commission v. Kaco Unemployment Insurance Fund, Inc. ex rel. Franklin Simpson Memorial Hospital (July 1990)

Effective: July 15, 1996 History: Amended 1996 Ky

How often courts cite this section

19471950196019701980199010
citing decisions per year

Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.

As used in this chapter, unless the context clearly requires otherwise:

(1) "Reserve account" means a separate book account maintained by the cabinet for each subject contributing employer under KRS 341.530 and 341.540. No amount shall be credited to any reserve account on any date which has not been actually received by the cabinet by that date, and no benefit amount shall be charged against any reserve account by any date for which a check has not been written and sent by that date;

(2) "Reimbursing employer account" means a separate book account maintained by the cabinet for each subject employer who elects to make payments in lieu of contributions pursuant to KRS 341.275 or 341.277. No benefit amount shall be charged against any reimbursing employer account prior to the issuance of benefit checks against that account;

(3) "Pooled account" means a separate book account maintained by the cabinet under KRS 341.550;

(4) "Annual payroll" means the total amount of wages paid by a subject employer during a twelve (12)-consecutive-month period for covered employment.

Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.