Multi-year trend information for Rate Group DD
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
|
2004 |
2005 |
2006 |
2007 |
2008 |
Change 2004-2008 |
Change 2007-2008 |
| Injury rate |
3.9 |
3.5 |
3.4 |
3.5 |
3.6 |
-7.7% |
2.9% |
| Total duration |
67.5 |
70.5 |
64.6 |
59.4 |
63.6 |
-5.8% |
7.1% |
| Average weekly wage |
$801 |
$794 |
$841 |
$879 |
$934 |
16.6% |
6.3% |
| Number of claims |
577 |
599 |
672 |
698 |
696 |
20.6% |
-0.3% |
| Cost history
(in thousands) |
2004 |
2005 |
2006 |
2007 |
2008 |
Change 2004-2008 |
Change 2007-2008 |
| Short term disability |
$3,571 |
$3,808 |
$4,175 |
$3,876 |
$5,581 |
56.3% |
44.0% |
| Long term disability |
$4,164 |
$5,184 |
$5,678 |
$4,013 |
$5,684 |
36.5% |
41.6% |
| Survivor benefits |
$347 |
$320 |
$1,222 |
$727 |
$813 |
134.3% |
11.8% |
| Health care |
$3,009 |
$5,363 |
$4,287 |
$3,520 |
$5,595 |
85.9% |
58.9% |
| Vocational rehabilitation |
$456 |
$522 |
$708 |
$739 |
$1,167 |
155.9% |
57.9% |
| Total costs |
$11,547 |
$15,197 |
$16,070 |
$12,875 |
$18,840 |
63.2% |
46.3% |
| Rate data
(in millions) |
2004 |
2005 |
2006 |
2007 |
2008 |
Change 2004-2008 |
Change 2007-2008 |
| Assessable payroll |
$520 |
$610 |
$728 |
$775 |
$834 |
60.3% |
7.6% |
| Accumulated payroll |
$654 |
$728 |
$825 |
$838 |
$854 |
30.6% |
1.9% |
| Benefit cost rate
|
2004 |
2005 |
2006 |
2007 |
2008 |
Change 2004-2008 |
Change 2007-2008 |
| (Per $100 of payroll) |
1.76 |
2.09 |
1.95 |
1.54 |
2.21 |
25.6% |
43.5% |
| Average benefit cost rate for calculating the 2010 base rate: |
$1.90 |
| Number of years used to calculate average benefit cost rate: |
3 |
