Multi-year trend information for Rate Group FJ
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
|
2005 |
2006 |
2007 |
2008 |
2009 |
Change 2005-2009 |
Change 2008-2009 |
| Injury rate |
10.5 |
9.7 |
8.9 |
8.8 |
7.1 |
-32.4% |
-19.3% |
| Total duration |
56.6 |
47.2 |
54.7 |
57.4 |
74.5 |
31.6% |
29.8% |
| Average weekly wage |
$764 |
$784 |
$870 |
$898 |
$955 |
25.0% |
6.3% |
| Number of claims |
792 |
773 |
712 |
672 |
409 |
-48.4% |
-39.1% |
| Cost history
(in thousands) |
2005 |
2006 |
2007 |
2008 |
2009 |
Change 2005-2009 |
Change 2008-2009 |
| Short term disability |
$3,823 |
$3,734 |
$3,816 |
$5,039 |
$3,251 |
-15.0% |
-35.5% |
| Long term disability |
$2,399 |
$2,893 |
$3,429 |
$4,513 |
$3,057 |
27.4% |
-32.3% |
| Survivor benefits |
$1,215 |
$1,412 |
$644 |
$2,400 |
$259 |
-78.7% |
-89.2% |
| Health care |
$2,679 |
$3,274 |
$3,181 |
$3,443 |
$2,717 |
1.4% |
-21.1% |
| Vocational rehabilitation |
$382 |
$476 |
$709 |
$1,031 |
$681 |
78.3% |
-33.9% |
| Total costs |
$10,498 |
$11,789 |
$11,779 |
$16,426 |
$9,965 |
-5.1% |
-39.3% |
| Rate data
(in millions) |
2005 |
2006 |
2007 |
2008 |
2009 |
Change 2005-2009 |
Change 2008-2009 |
| Assessable payroll |
$283 |
$313 |
$329 |
$334 |
$265 |
-6.6% |
-20.8% |
| Accumulated payroll |
$352 |
$370 |
$370 |
$356 |
$272 |
-22.6% |
-23.5% |
| Benefit cost rate
|
2005 |
2006 |
2007 |
2008 |
2009 |
Change 2005-2009 |
Change 2008-2009 |
| (Per $100 of payroll) |
2.98 |
3.19 |
3.18 |
4.62 |
3.66 |
22.8% |
-20.8% |
| Average benefit cost rate for calculating the 2011 base rate: |
$3.65 |
| Number of years used to calculate average benefit cost rate: |
4 |
