first payer cost ratio oor Frans
first payer cost ratio
Vertalings in die woordeboek Engels - Frans
ratio coût efficient-coût du premier payeur
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First Payer Cost Ratio (% of TIE)
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Resulting First Payer Cost and First Payer Cost Ratio
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(b) the first payer cost ratio calculated under subsection (4) for all insured persons.
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B. First Payer Cost Ratio
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(b) the first payer cost ratio calculated under subsection (4) for all insured persons.
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Rate of reduction(x) = First Payer Cost ratio – Experience Cost ratio(x)
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First Payer Cost Ratio
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Based on the foregoing, the first payer cost ratio used for the calculation of the 2015 rates of reduction is 0.3772%.
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Accordingly, for 2015, the years 2011, 2012 and 2013 are used to calculate the first payer cost ratio and the experience cost ratio.
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Both the first payer cost ratio and the experience cost ratio are based on averages from the three years ending with the second year preceding the year for which the calculation is made.
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More information on the first payer cost ratio and the experience cost ratio is presented in the following subsections, as well as the resulting rates of reduction, reduced employer multipliers and estimated amount of premium reduction for 2015.
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This produces a uniform first payer cost ratio reflecting the national average usage for all EI contributors and is consistent with the fact that EI contributors are charged a uniform premium rate in accordance with the pooling of risk principle.
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Pursuant to this section, the employer’s premium shall be reduced by the percentage by which the first payer cost ratio in respect of all insured persons exceeds the experience cost ratio in respect of insured persons covered by a qualified wage-loss plan of that employer’s category.
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For the purposes of calculating the 2015 rates of reduction, the first payer cost ratio is equal to the average of the first payer cost for the years 2011 to 2013, divided by the average insurable earnings of all insured persons for the years 2011 to 2013.
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Pursuant to this section, the employer’s premium rate shall be reduced by the percentage by which the first payer cost ratio in respect of all insured persons exceeds the experience cost ratio in respect of insured persons covered by a qualified wage-loss plan of that employer’s category.
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Pursuant to section 62 of the EI Regulations and section 68 of the EI Act, the employer’s premium shall be reduced by the percentage by which the first payer cost ratio in respect of all insured persons exceeds the experience cost ratio in respect of insured persons covered by a qualified wage-loss plan of that employer’s category.
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