Multi-year trend information for Rate Group EG
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 |
12.9 |
11.9 |
10.8 |
10.5 |
8.2 |
-36.4% |
-21.9% |
| Total duration |
38.3 |
36.4 |
34.7 |
38.6 |
42.3 |
10.4% |
9.6% |
| Average weekly wage |
$560 |
$604 |
$611 |
$640 |
$669 |
19.5% |
4.5% |
| Number of claims |
649 |
632 |
617 |
582 |
446 |
-31.3% |
-23.4% |
| Cost history
(in thousands) |
2005 |
2006 |
2007 |
2008 |
2009 |
Change 2005-2009 |
Change 2008-2009 |
| Short term disability |
$2,075 |
$1,442 |
$1,789 |
$1,819 |
$1,666 |
-19.7% |
-8.4% |
| Long term disability |
$985 |
$481 |
$1,083 |
$1,397 |
$1,197 |
21.5% |
-14.3% |
| Survivor benefits |
$6 |
$13 |
$28 |
$18 |
$34 |
466.7% |
88.9% |
| Health care |
$1,408 |
$807 |
$1,365 |
$1,785 |
$1,626 |
15.5% |
-8.9% |
| Vocational rehabilitation |
$100 |
$96 |
$240 |
$231 |
$271 |
171.0% |
17.3% |
| Total costs |
$4,574 |
$2,839 |
$4,505 |
$5,250 |
$4,794 |
4.8% |
-8.7% |
| Rate data
(in millions) |
2005 |
2006 |
2007 |
2008 |
2009 |
Change 2005-2009 |
Change 2008-2009 |
| Assessable payroll |
$167 |
$184 |
$201 |
$210 |
$199 |
19.0% |
-5.5% |
| Accumulated payroll |
$208 |
$217 |
$226 |
$224 |
$205 |
-1.4% |
-8.8% |
| Benefit cost rate
|
2005 |
2006 |
2007 |
2008 |
2009 |
Change 2005-2009 |
Change 2008-2009 |
| (Per $100 of payroll) |
2.20 |
1.31 |
1.99 |
2.34 |
2.34 |
6.4% |
0.0% |
| Average benefit cost rate for calculating the 2011 base rate: |
$1.99 |
| Number of years used to calculate average benefit cost rate: |
4 |
