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| |  | | | The California JPIA recently completed the annual cost allocation calculations for the Liability and Workers' Compensation programs. Links to the respective workbooks can be found below. The results have been reviewed and adopted by the Executive Committee at their meeting on December 17, 2008. These calculations are used to determine the primary deposit for 2009-2010 and the net retrospective refund or additional payment due for all prior years. The net refund or additional payment for all prior coverage periods is then spread over eight years to help smooth cash flow spikes caused by alternating "good years" and "bad years." This smoothing is referred to as the rolling retro.
Also included is a link to a summary of the primary deposit and rolling retro computation. The amounts shown in parentheses are refunds the California JPIA will pay to members and conversely the amounts not in parentheses are amounts the members will pay to the California JPIA. The rolling retro listed in the summary is the amount to be refunded or due this July and the amount listed has already been divided by eight.
Primary deposit and rolling retro deposit invoices will be emailed in May, dated July 1, 2009, and due July 1, 2009. Rolling retro refunds will be mailed on July 1, 2009. Penalties for non-payment will accrue after July 21, 2009.
These documents are .pdf files, so you will need Acrobat Reader 7.0 (or greater) to read them. If you do not have this program downloaded on your computer, you may download it free of charge from Adobe's website at www.adobe.com/products/acrobat/.
Liability and Workers' Compensation Primary Deposit
and Rolling Retro Summary (40 KB)
The following items are best printed in duplex (two-sided) mode.
General Liability Program
Liability Program October 2008 Cost Allocation Computations Workbook (1 MB)
Worker’s Compensation Program
Workers' Compensation October 2008 Cost Allocation Computations Workbook (881 KB)
Cost Allocation Formulas Presentation (2.2 MB)
If you have questions regarding how the primary deposit or retrospective figures are calculated, or if you need further information, please contact Carl Sandstrom, Senior Management Analyst, at (562) 467-8718 or by email at csandstrom@cjpia.org. Questions regarding the invoicing of these amounts should be directed to Charity Maisenbach, Senior Accountant, at (562) 467-8729 or by email at cmaisenbach@cjpia.org.
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