Multi-year trend information for Rate Group DB
What trends is your rate group experiencing? This chart provides a history
of your rate group's performance.
To understand the terminology used in this chart, view the explanation
of trend terms.
| Key indicators
|
1999 |
2000 |
2001 |
2002 |
2003 |
Change 1999-2003 |
Change 2002-2003 |
| Injury rate |
8.1 |
9.0 |
7.4 |
5.9 |
6.5 |
-19.8% |
10.2% |
| Total duration |
44.6 |
36.9 |
38.2 |
35.0 |
38.1 |
-14.6% |
8.9% |
| Average weekly wage |
$838 |
$837 |
$844 |
$841 |
$860 |
2.6% |
2.3% |
| Number of claims |
443 |
547 |
423 |
322 |
351 |
-20.8% |
9.0% |
| Cost history
(in thousands) |
1999 |
2000 |
2001 |
2002 |
2003 |
Change 1999-2003 |
Change 2002-2003 |
| Short term disability |
$2,204 |
$2,095 |
$1,653 |
$1,299 |
$1,579 |
-28.4% |
21.5% |
| Long term disability |
$1,889 |
$1,721 |
$954 |
$1,311 |
$1,316 |
-30.3% |
0.3% |
| Survivor benefits |
$1,253 |
$9 |
$8 |
$207 |
$115 |
-90.9% |
-44.7% |
| Health care |
$2,080 |
$956 |
$857 |
$827 |
$1,200 |
-42.3% |
45.2% |
| Vocational rehabilitation |
$454 |
$379 |
$198 |
$389 |
$403 |
-11.3% |
3.5% |
| Total costs |
$7,880 |
$5,160 |
$3,670 |
$4,033 |
$4,613 |
-41.5% |
14.4% |
| Rate data
(in millions) |
1999 |
2000 |
2001 |
2002 |
2003 |
Change 1999-2003 |
Change 2002-2003 |
| Assessable payroll |
$202 |
$213 |
$210 |
$207 |
$218 |
7.7% |
5.1% |
| Accumulated payroll |
$265 |
$263 |
$243 |
$228 |
$224 |
-15.3% |
-1.7% |
| Benefit cost rate
|
1999 |
2000 |
2001 |
2002 |
2003 |
Change 1999-2003 |
Change 2002-2003 |
| (Per $100 of payroll) |
2.97 |
1.96 |
1.51 |
1.77 |
2.06 |
-30.9% |
16.4% |
| Average benefit cost rate for calculating the 2005 base rate: |
$2.07 |
| Number of years used to calculate average benefit cost rate: |
5 |
