A-3.001, r. 7 - Regulation respecting financing

Section 111 Disposition versions

2012-09-01

111. The Commission, upon the expiry of the third year of the reference period, provisionally adjusts an employer’s assessment at the request of the employer by performing the calculations provided for in Division III, taking into account the following distinctions and the provisional adjustment provided for in section 110:

(1)  in applying section 97, the compensation cost is the cost determined for the first 3 years of the reference period, and, for the purposes of subparagraph 2 of the first paragraph of that section, the applicable factor is the factor determined under Division II of Schedule 6. The cost is calculated on the basis of the information for those years that is available on 31 January of the year following the third year of the reference period; and

(2)  in applying section 99, the formula also ensures that the aggregate risk-related portion of the adjusted assessment of all employers who qualify for retrospective adjustment of their assessment for that year approximates the total amount that the Commission anticipates receiving at the time of retrospective adjustment.

An application made by an employer under this section must reach the Commission before 15 December of the third year of the reference period and is irrevocable from that date forward.

Decision 2010-11-18, s. 111.