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AG 1994 03 21
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AG 1994 03 21
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Last modified
3/25/2002 4:31:39 PM
Creation date
11/27/2017 11:58:28 AM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
3/21/1994
Board
Board of Commissioners
Meeting Type
Regular
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NCACCJRMWCF <br /> <br />CABARRUS COUNTY <br />1994-95 PRO FORMA <br />PAYROLL BASIS = 18,481,089 <br /> <br />STANDARD CONTRIBUTION <br /> PREMIUM: <br /> MANUAL <br /> MODIFIED (.71) <br /> DISCOUNTED <br /> EARNED <br /> <br />636,853 <br />452,166 <br />397,454 <br />258,505 <br /> <br />II. DEDUCTIBLE OPTIONS <br /> <br /> A B C D E F <br />DEDUCTIBLE 100,000 150,000 200,000 250,000 300,000 350,000 <br />AMOUNT <br />BASE 93,062 82,722 77,552 62,041 56,871 54,286 <br />PREMIUM <br />PERCENTAGE 36 % 32 % 30 % 24 % 22 % 21% <br />OF EARNED <br /> <br />CLAIMS DEPOSIT OF 17,085 BASED UPON 2.5 TIMES PAST THREE YEARS' AVERAGE CLAIM <br />DISBURSEMENT. <br /> <br /> TOTAL CONTRIBUTION DUE FOR JULY 1, 1994 IS BASE PREMIUM FROM SELECTED <br />--DEDUCTIBLE PLUS CLAIMS DEPOSIT. CLAIMS DEPOSIT WILL BE REPLENISHED MONTHLY. <br /> <br />_ NOTE: <br /> <br />The premiums depicted in the above scenario are estimated based upon 1994 rates, 1993 <br />renewal payroll, and 1993 self-insurance discount amount. All premiums are subject to <br />change upon receipt of 1994 renewal payroll and determination of the 1994 self-insurance <br />discount amount. <br /> <br /> <br />
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