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May 15, 2000

State adopts changes to retrospective rating rules

TUMWATER - The Department of Labor & Industries today adopted changes to its retrospective rating program, which allows qualified employers to earn refunds on their workers' compensation insurance premiums.

The adopted changes include:

  • Requiring sponsoring organizations in the program to distribute at least 90 percent of a refund to participating employers, effective Oct. 1, 2000.
  • Increasing the number of mandatory annual adjustments from two to three, effective Oct. 1, 2000.

Retrospective rating is a workers' compensation option that L&I offers to qualified employers and associations. The program is designed to improve workplace safety and accident prevention for participants. More than 16,000 employers currently participate.

Employers and members of groups that meet goals for reduced claims from injured workers can earn premium refunds. Since its inception in 1981, the program has refunded more than $800 million to participants.

For more information about the retrospective rating program, contact Frank Romero at 360-902-4835.


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