2006 - Cost components for rate group ES:
This is a new rate group in 2006, which is made up of industry groups and their associated classification units that share similar sustained cost trends. Since movement into a newly created rate group could have a significant impact on industries that are moved, WCB generally limits any resulting rate changes to 20 percent. The cost history shown for the rate group reflects the experience of its member industries. Please refer to this rate group's main page to determine base rates for member classification units.
| Cost rates |
| Short term disability |
0.009 |
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| Long term disability |
0.004 |
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| Survivor's benefits |
0.013 |
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| Health care |
0.007 |
|
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| Vocational rehabilitation |
0.001 |
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| Average benefit cost rate |
0.034 |
--> |
0.03 |
* |
|
|
| Claim administration |
0.03 |
|
| Accident fund adjustment |
0.01 |
|
| Penalty and ER imbalance adjustment |
0.00 |
|
| Other administration costs |
0.02 |
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| |
----- |
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|
0.09 |
| Amortization adjustment |
0.06 |
| |
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| 2006 actuarial rate (per $100 of assessable payroll) |
0.15 |
| (Without adjustments for industry-funded initiatives, prevention administration costs, or changes to the rate group structure, if applicable.)
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| * Rounded to two decimal places |
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See an explanation of cost component terms.
