Code of Federal Regulations Title 20. Employees' Benefits § 20.345.201 Individual employer record defined

Effective January 1, 1990, the Board will establish and maintain a record, hereinafter known as an Individual Employer Record, for each employer subject to this part. As used in this subpart, “Individual Employer Record” means a record of each employer's benefit ratio;  reserve ratio;  1–year compensation base;  3–year compensation base;  unallocated charge;  reserve balance;  net cumulative contribution balance;  and cumulative benefit balance. See § 345.302 of this part for a definition of these terms. Whenever a new employer begins paying compensation with respect to which contributions are payable under this part, the Board will establish and maintain an individual employer record for such employer.