ILLINOIS U.I. ACT Section 1505
A-76 (12/11)
Sec. 1505. Adjustment of state experience factor
The state experience factor shall be adjusted in accordance with the following provisions:
A. This subsection shall apply to each calendar year prior to 1980 for which a state experience factor is being
determined.
For every $7,000,000 (or fraction thereof) by which the amount standing to the credit of this State's account in the
unemployment trust fund as of June 30 of the calendar year immediately preceding the calendar year for which the
state experience factor is being determined falls below $450,000,000, the state experience factor for the succeeding
calendar year shall be increased 1 percent absolute.
For every $7,000,000 (or fraction thereof) by which the amount standing to the credit of this State's account in the
unemployment trust fund as of June 30 of the calendar year immediately preceding the calendar year for which the
state experience factor is being determined exceeds $450,000,000, the state experience factor for the succeeding
year shall be reduced 1 percent absolute.
B. This subsection shall apply to the calendar years 1980 through 1987, for which the state experience factor is being
determined.
For every $12,000,000 (or fraction thereof) by which the amount standing to the credit of this State's account in the
unemployment trust fund as of June 30 of the calendar year immediately preceding the calendar year for which the
state experience factor is being determined falls below $750,000,000, the state experience factor for the succeeding
calendar year shall be increased 1 percent absolute.
For every $12,000,000 (or fraction thereof) by which the amount standing to the credit of this State's account in the
unemployment trust fund as of June 30 of the calendar year immediately preceding the calendar year for which the
state experience factor is being determined exceeds $750,000,000, the state experience factor for the succeeding
year shall be reduced 1 percent absolute.
C. This subsection shall apply to the calendar year 1988 and each calendar year thereafter, for which the state
experience factor is being determined.
1. For every $50,000,000 (or fraction thereof) by which the adjusted trust fund balance falls below the target
balance set forth in this subsection, the state experience factor for the succeeding year shall be increased one
percent absolute.
For every $50,000,000 (or fraction thereof) by which the adjusted trust fund balance exceeds the target balance
set forth in this subsection, the state experience factor for the succeeding year shall be decreased by one percent
absolute.
The target balance in each calendar year prior to 2003 is $750,000,000. The target balance in calendar year
2003 is $920,000,000. The target balance in calendar year 2004 is $960,000,000. The target balance in calendar
year 2005 and each calendar year thereafter is $1,000,000,000.
2. For the purposes of this subsection:
"Net trust fund balance" is the amount standing to the credit of this State's account in the unemployment trust
fund as of June 30 of the calendar year immediately preceding the year for which a state experience factor is
being determined.
"Adjusted trust fund balance" is the net trust fund balance minus the sum of the benefit reserves for fund
building for July 1, 1987 through June 30 of the year prior to the year for which the state experience factor is
being determined. The adjusted trust fund balance shall not be less than zero. If the preceding calculation results
in a number which is less than zero, the amount by which it is less than zero shall reduce the sum of the benefit
reserves for fund building for subsequent years.
For the purpose of determining the state experience factor for 1989 and for each calendar year thereafter, the
following "benefit reserves for fund building" shall apply for each state experience factor calculation in which
that 12 month period is applicable:
a. For the 12 month period ending on June 30, 1988, the "benefit reserve for fund building" shall be 8/104th
of the total benefits paid from January 1, 1988 through June 30, 1988.
