LOSS REPORTS
Reported Losses per $1 Million of Payroll
Mr. Sells announced that the pool has made significant progress toward a favorable trend and that loss values are currently stable. A graph was presented illustrating the stability of this program with the exception of the 2008-09 losses due to the economic downturn. Factors such as legislative changes and drought imposed project reductions have lowered the number of claims, showing positive results statewide. Ultimately, there has been a reduction in the pool’s rates by 10% for policy period of 2016-17, which has remained unchanged for the 2018 - 19 policy year.
Claims per $1 Million of Payroll
Mr. Sells noted that since 1994 each policy year has shown a reduction in the number of claims. …show more content…
Thesing reported that San Gabriel Water Quality Authority and Twentynine Palms Water District have joined the Workers’ Compensation Program for the 2017-18 policy year. In addition, South Tahoe Public Utility District and Chino Basin Desalter Authority will join the upcoming 2018-19 program coverage year. With 187 member districts participating and an estimated $508,518,668 in annual payroll, the Workers’ Compensation Program continues to grow.
NEW BUSINESS
Extending Workers’ Compensation Benefits to Work Release Participants
Ms. Thesing brought forth the topic of work release participants performing services at member district work sites. Under counties’ work release contracts, the recipient will be held liable for the entire cost of the workers’ compensation benefits, including Labor Code 132a, serious & willful claims, and discrimination claims affiliated with the workers’ compensation injury.
The JPIA staff believes the Memorandum of Workers’ Compensation Program (MOWC) was not intended to extend workers’ compensation benefits to work release …show more content…
Thesing reviewed the Workers’ Compensation Program renewal, which starts July 1, 2018 and stated that JPIA has entered into the second year of the negotiated deal with Safety National. Rates will remain at .090 per $100 payroll for the 2018-19 policy year. The Workers’ Compensation Program will continue at a $2 million self-insured layer and purchase statutory limits through the excess workers’ compensation market.
Renewal Pricing for the Workers’ Compensation Program
Mr. deBernardi quantified that the factors in determining billing rates for each policy year are based on projected costs and estimated losses. For the 2016-17 policy year, rates were reduced by 10%. Current actuarially projections are based on approximately $523 million in payroll with losses estimated to be $8.6 million for the 7/1/2018-19 policy year. The program maintains the current retention of $2 million. There is also an anticipated increase of pension liability of $1.1 million, which is due to the General and Administrative expenses projected increase of over 10%.
Mr. deBernardi and JPIA staff recommended to the Committee to maintain the current pricing structure for the 2018-19 policy
Reported Losses per $1 Million of Payroll
Mr. Sells announced that the pool has made significant progress toward a favorable trend and that loss values are currently stable. A graph was presented illustrating the stability of this program with the exception of the 2008-09 losses due to the economic downturn. Factors such as legislative changes and drought imposed project reductions have lowered the number of claims, showing positive results statewide. Ultimately, there has been a reduction in the pool’s rates by 10% for policy period of 2016-17, which has remained unchanged for the 2018 - 19 policy year.
Claims per $1 Million of Payroll
Mr. Sells noted that since 1994 each policy year has shown a reduction in the number of claims. …show more content…
Thesing reported that San Gabriel Water Quality Authority and Twentynine Palms Water District have joined the Workers’ Compensation Program for the 2017-18 policy year. In addition, South Tahoe Public Utility District and Chino Basin Desalter Authority will join the upcoming 2018-19 program coverage year. With 187 member districts participating and an estimated $508,518,668 in annual payroll, the Workers’ Compensation Program continues to grow.
NEW BUSINESS
Extending Workers’ Compensation Benefits to Work Release Participants
Ms. Thesing brought forth the topic of work release participants performing services at member district work sites. Under counties’ work release contracts, the recipient will be held liable for the entire cost of the workers’ compensation benefits, including Labor Code 132a, serious & willful claims, and discrimination claims affiliated with the workers’ compensation injury.
The JPIA staff believes the Memorandum of Workers’ Compensation Program (MOWC) was not intended to extend workers’ compensation benefits to work release …show more content…
Thesing reviewed the Workers’ Compensation Program renewal, which starts July 1, 2018 and stated that JPIA has entered into the second year of the negotiated deal with Safety National. Rates will remain at .090 per $100 payroll for the 2018-19 policy year. The Workers’ Compensation Program will continue at a $2 million self-insured layer and purchase statutory limits through the excess workers’ compensation market.
Renewal Pricing for the Workers’ Compensation Program
Mr. deBernardi quantified that the factors in determining billing rates for each policy year are based on projected costs and estimated losses. For the 2016-17 policy year, rates were reduced by 10%. Current actuarially projections are based on approximately $523 million in payroll with losses estimated to be $8.6 million for the 7/1/2018-19 policy year. The program maintains the current retention of $2 million. There is also an anticipated increase of pension liability of $1.1 million, which is due to the General and Administrative expenses projected increase of over 10%.
Mr. deBernardi and JPIA staff recommended to the Committee to maintain the current pricing structure for the 2018-19 policy