§ 63.99. Assignment of rate of contribution.

 A 2% rate will be assigned to employers who elect the reimbursement method of payment and subsequently choose to convert to contributory status. The employer will be treated as a ‘‘new or newly covered’’ employer during the period in which he was in reimbursement status, and this period will not be taken into account for any of the purposes of experience rating. The entry rate of 2% is available only on the occasion of the first conversion from reimbursement to contributory status. Thereafter, the rate of contribution may not be less than the standard rate subject to adjustment under section 301.1 of the Law (43 P. S. §  801.1).

   The provisions of this §  63.99 amended March 7, 1975, 5 Pa.B. 441. Immediately preceding text appears at serial page (13477).