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The new employer base funding rate changes from $1,145 to $1,170 per employee per month on July 1 for fiscal year 2024-2025. The employer base funding rate (also referred to as the funding rate or state share) is the amount the employer pays each month for eligible employees. The new rate will be effective July 1, 2024 through June 30, 2025.
The rate letter is available on the BA website Rates page.
Employee contributions will remain unchanged until January 2025.
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