Oregon: Bulletin addresses self-insured base rates
The Workers' Compensation Division issued a bulletin notifying self-insured employers of the new base rates to be used for premium assessment during the July 1, 2013, through June 30, 2014, fiscal year.
To determine premium for assessment purposes, self-insured employers have two options, the normal plan method and the retrospective rating plan method. The method selected by a self-insured employer remains in effect for all fiscal years until the employer notifies the Department of Consumer and Business Services in writing before July 1 of its intent to change the method. The bulletin provides reporting instructions and new retrospective rating plan options. A self-insured employer can select from five retrospective rating options. The instructions contain guidelines on what is included and excluded in the calculation of gross payroll.
Read more at the WorkersComp Forum homepage.
July 8, 2013
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