HomeMy WebLinkAboutR-1242 - Agreeing to participate in the Workers' Compensation Group Retropective Rating Plan"c T Y 0 F MAR Y S V ILL E
Marysville,Washington
of Marysville qualifies for participation
participate under the terms and conditions
which is included by reference herein;
RESOLUTION NO./2J/2
A RESOLUTION OF THE CITY OF MARYSVILLE AGREEING TO
PARTICIPATE IN THE WORKERS'COMPENSATION GROUP RET-
ROSPECTIVE RATING PLAN.
WHEREAS,the City of Marysville is a member of the Washington
Cities Insurance Authority (WCIA)and,
WHEREAS,WCIA has made application to the Department of
Labor and Industries for the purpose of establishing a Group Retro-
spective Rating Plan for its eligible members and,
WHEREAS,the Ci ty
and finds it advantageous to
specified in the Contract,
NOW,THEREFORE,
BE IT RESOLVED by the City Council of the City of Marysville,
Washington as follows:
The City agrees to participate in the Workers'Compensation
Group Retrospective Rating Plan effective 4/1/87 to 4/1/88 recommended
by WCIA and to abide by the terms of the Contract attached hereto.
__PASSED by the City Council and APPROVED by the Mayor this
/.!:>day of Dec£.A/8E.€-,1986 .•
THE CITY OF MARYSVILLE
ATTEST:
~~
APPROVED AS TO FORM:
~ATfJl;jr;2-·
RECEIVED
DEC 151986
PROPOSED CONTRACT
i
MARYSVILLE j
WHEREAS,Washington Cities Insurance Aut Jy (WC[tI'i'!\I
has entered into a Group Retrospective Rating Plan with the-'
Washington State Department of Labor and Industries,said
Plan being Plan B with a 1.50 Maximum Premium Ratio for the
period April 1,1987 to April 1.1988.and;
WHEREAS.the undersigned City (City)has been accepted
for participation in the group to share in the benefits to
be achieved by virtue of said Plan.
NOW,THEREFORE,it is hereby understood and agreed by
and between the parties hereto as follows;
1.Eligibility-Participants in the Program must:
a.Be a member in goud standing of WashiI.gton
Cities Insurance Authority.
b.Maintain a current and active workers'
compensation account with the Department of
Labor and Industries.
c.Have a loss profile compatible with the
remainder of the group.
d.Commit to an active safety program aimed at
reducing losses or maintaining a favorable
loss profile.
2.Expenses-City agrees to pay its pro-rata share of
administrative expenses prior to Plan inception.
3.Refunds/Recaptures-City agrees that any
retrospective premium returns (refunds)will be held in
trust until the final adjustment has been made for this plan
year.Any premium recaptures will be paid out of the trust
fund.At such time as the final adjustment has been made.
distribution will be made to participating cities using a
formula to be developed by WCIA staff and adopted by
participants prior to plan year inception.
Interest earned on the trust
distributed,held,or applied toward
the direction of the participants.
fund account will be
administrative costs at
4.Retrospective Penalties-In the event WCIA is
assessed a penalty by Labor and Industries,group members
will be invoiced to a maximum of 50%of their plan year
premium.Returned penalties will be redistributed in
similar fashion as they are collected.
5.Failure to Pay-Failure of the city to promptly
pay its original premium to the Department,its pro rata
share of administrative expenses,or retrospective penalty
assessment entitles WCIA to withhold any monies credited to
City in the trust fund to satisfy city's debt.City may
also be barred from participating in future retrospective
rating plans by two-thirds vote of the plan year
participating cities.
,
Member:
CITY OF MARYSVILLE----------------------------
BY:_~~_
:_~~~~----------
Date:_22~~__j~~qlC~------
Washington Cities Insurance
Authority
By:_
Title:
Date:----------------------