341.040 Reserve account, reimbursing employer account, pooled account, and
annual payroll.
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.
Effective: July 15, 1996
History: Amended 1996 Ky. Acts ch. 266, sec. 2, effective July 15, 1996. -- Amended
1974 Ky. Acts ch. 74, Art. VI, sec. 107(23). -- Amended 1958 Ky. Acts ch. 4, sec. 2.
-- Amended 1950 Ky. Acts ch. 206, sec. 1. -- Recodified 1942 Ky. Acts ch. 208,
sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4748g-3.
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