2005 - Cost components for Rate Group CZ:
Since 2004, the membership of this rate group has changed. This is because industry groups and their associated classification units have moved between rate groups, based on the industry groups' sustained cost trends. Since this could have a significant impact on industries that are moved, WCB limits rate changes to 20 percent. Please refer to this rate group's main page to determine base rates for member classification units.
| Cost rates |
| Short term disability |
0.588 |
|
|
|
| Long term disability |
0.838 |
|
|
|
| Survivor's benefits |
0.036 |
|
|
|
| Health care |
0.511 |
|
|
|
| Vocational rehabilitation |
0.162 |
|
|
|
| |
------ |
|
|
|
| Average benefit cost rate |
2.135 |
---> |
2.14* |
|
| Claim administration |
|
|
0.64 |
|
| Data variance adjustment |
|
|
0.12 |
|
| |
|
|
----- |
|
|
|
| Total cost rate |
|
|
2.90 |
---> |
|
2.90 |
| Other administration costs |
0.49 |
| Penalty and experience rating imbalance adjustment |
0.04 |
| Funding policy adjustment |
0.93 |
| |
----- |
| Total 2005 actuarial rate (per $100 of assessable payroll) |
4.36 |
| (Without adjustments or industry-funded initiatives, or exemption from prevention administration costs, if applicable.) |
|
| * Rounded to two decimal places |
|
More information about rate group cost components
See an explanation of rate group cost component terms.
