A-3.001, r. 7 - Regulation respecting financing

Section 99 Disposition versions

2023-10-04

99. The total cost of an accident or disease referred to in section 95 is obtained by applying the following formula which allows for the coverage of financial requirements apportioned by the Commission according to risk at the time the rate applicable to the classification units is fixed for the assessment year pursuant to section 304 of the Act, which financial requirements are established on 31 December of the assessment year in accordance with section 284 of the Act, excluding however, the cost related to the distribution of surpluses or the recovery of deficits financed according to risk if such surpluses and deficits were previously considered in retrospective adjustments for prior years. The formula also allows for the coverage of the amount required to finance the employer’s portion of the cost of benefits imputed to employers in all units and the taking into account of the corrections to retrospective adjustments of qualifying employers, and ensures equitable apportionment of assessments between those employers who qualify for retrospective adjustment of their assessments and other employers:

total cost of an accident or disease

=

cost of compensation as increased under section 98

×

factor established by the Commission after an actuarial valuation

Decision 2010-11-18, s. 99; Decision 2023-09-21, s. 1.

2012-09-01

99. The total cost of an accident or disease referred to in section 95 is obtained by applying the following formula which allows for the coverage of financial requirements apportioned by the Commission according to risk at the time the rate applicable to the classification units is fixed for the assessment year pursuant to section 304 of the Act, which financial requirements are established on the basis of the Commission’s financial statements, excluding however, the cost related to the distribution of surpluses or the recovery of deficits financed according to risk if such surpluses and deficits were previously considered in retrospective adjustments for prior years. The formula also allows for the coverage of the amount required to finance the employer’s portion of the cost of benefits imputed to employers in all units and the taking into account of the corrections to retrospective adjustments of qualifying employers, and ensures equitable apportionment of assessments between those employers who qualify for retrospective adjustment of their assessments and other employers:

total cost of         cost of compensation as         factor established by the
an accident     =    increased under section 98   x   Commission after an 
or disease                                            actuarial valuation    

Decision 2010-11-18, s. 99.