Indiana: Executive officer minimum payroll transition program
The Compensation Rating Bureau issued a circular noting that it received approval for a three-year transition program for the executive officer minimum payroll amount.
As of Jan. 1, the executive officer minimum payroll amount is $585. The amounts for years two and three of the transition will be reviewed before the annual rate filings and adjusted according to the indicated change in the state average weekly wage subject to the transition program factor. The amount is advisory for voluntary business and mandatory for assigned risk business.
Read more at the WorkersComp Forum homepage.
January 31, 2011
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