POA Decision – 2002/10/16-04 – Experience Rating Pilot Project for the Construction Sector
The Panel of Administrators has extended the Construction Sector Experience Rating Pilot until December 31, 2003. The Pilot was first approved in January 2000 for a three-year trial. Under the Pilot, firms in the Construction Sector are subject to maximum experience rating surcharges and discounts of 33.3%, rather than the maximum 100% surcharge and 50% discount that applies to all other firms. The extension was granted to allow the Board to evaluate the impact of the Pilot on the Construction Sector and also to give firms in the sector sufficient time to prepare for the transition to the Board's regular experience rating plan.