POA Decision – 1999/09/21-01 - Section 39: Assessment for Accident Fund
In determining assessment rates every year, the Board must collect sufficient funds to establish capitalized reserves sufficient to meet all future payments of compensation on injuries occurring in the current year. The Board can use various actuarial methods to estimate the amount of these reserves. One of these methods is the establishment of "average actuarial abstracts", which might appear to establish reserves on a per claim basis. The Panel passed a resolution which says none of the information produced for the purpose of calculating the reserves, including any figures calculated as average actuarial abstracts, will be considered relevant to or used in any way in the adjudication of individual claims.