UI Trust Fund Balance Determines if Surcharge Is in Effect
The surcharge automatically goes into effect when the UI Trust Fund balance is below $11 million at the end of any quarter. The balance was $26.4 million on December 31, 2010.
Higher Wage Base in Effect for 2011
As previously announced, the taxable wage base increased from $10,000 for 2010 to $11,000 for 2011.
Contact Vision Payroll for Further Information
Contact Vision Payroll for further questions on the South Dakota employer surcharge.