In the fall of 2008, the Executive Committee established an ad hoc committee of managers and finance officers to study the Authority’s funding and allocation formulas and to provide recommendations designed to safeguard the financial integrity of the Authority and protect the Members.

As a result of the ad hoc committee’s extensive study and deliberation, the committee’s recommendations have been forwarded to the Authority’s Executive Committee for consideration and adoption at their March 24, 2010 meeting.Assuming the recommendations are adopted the Authority will be implementing the updated funding 1model beginning with the 2010-11 coverage period.  The new funding model will reflect many of the positive elements of the prior model, and it will eliminate some of its unnecessary complexities.  The Executive Committee agenda item below provides a brief overview of the issues, analysis, and frequently asked questions.

The California JPIA recently completed the annual retrospective computations 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 February 24, 2010. These calculations are used to determine the net retrospective refund or additional payment due for all prior years. The result of this year’s retrospective computation in each program is then added to all remaining balances due from prior retrospective computations. This is called the aggregate retrospective balance.A link is provided below to view a list of all members’ aggregate retrospective balances as of March 1, 2010.

The Annual Contribution is being recommended to replace the Primary Deposit as the method to determine each member’s share of the 2010/2011 coverage period for each pooled program.Links to the Annual Contribution workbooks can be found below. Since the Annual Contribution funding model has not yet been adopted, we include them here for informational purposes only.