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Example: <br />Standard lac.rred <br />City_ Premien Losses <br />Example:. <br />1 -a <br />City <br />A <br />1 8 <br />C <br />0 <br />E <br />TOTAL <br />1 <br />ATTACHMENT A <br />FORMULA FOR RETROSPECTIVE REFUNDS <br />Only cities having individual loss ratios equal to or less than the <br />break -even loss ratio for the group (determined by Labor Industries) <br />will share in retrospective refunds for any policy year. Division of <br />the refund among qualifying member cities will be made in proportion <br />to a weighted index consisting of (1) each member's standard premium <br />(2) the retrospective premium credit (if any) sash member would <br />receive on an individual basis under the plan and (3) the maximum <br />premium ratio for the group. <br />1 52,000 3,100 .060 All <br />8 35,000 0 8. .096 <br />C 16,000 00,000 1.21ta 1 <br />47,000 46,500 .886* 1 <br />1 42.000 1.400 .033 .866 <br />M 10TAL 142.000 131.000 .S41 .223 i <br />•City losses higher than break -even <br />PLAN 6 RAIIRON FRENIVI RATIO: 1.50 <br />BREAK -EVER LOSS RATIO: .818 <br />RETRO P E11111: $1110,131.00 <br />REM: 81,005.00 <br />(1) <br />Basic Loss ladi,id.al Proportion <br />Lass Peonies Comfiest*, Retro Retro Total of Shari <br />Ratio factor Factor Premium Credit (2) (S) (9) R <br />_PORMIILR !OR RETROSPECTIVE PENRLTIEB <br />Each member of the group will share any retrospective penalty due. <br />A retrospective premium will be calculated for each member, using <br />factors provided by the Department of Labor Industries. The <br />individual retrospective premium will be totaled for all members and <br />the proportion of the total assessment will be calculated, subject to <br />a maximum payment by members equal to the maximum premium ratio for <br />the group minus 1.000 times the members' standard premium. <br />(2) (3) <br />Steadied :,tarred <br />Petioles Losses <br />48,000 12,000 <br />32,000 4,000 <br />00,000 53,000 <br />39,000 900 <br />38,000 160,000 <br />217000 230000 <br />.2117 43,034 <br />.104 31,360 <br />x 1 <br />1 1 <br />.134 36.5110 <br />.777 t <br />ratio for g r oup <br />PLAN 8 RAIINWI PRER110 RATIO: 1.50 <br />(4) <br />Basic <br />Prosiest <br />Factor <br />8,166 <br />3,640 <br />1 <br />1 <br />5,440 <br />(1) (2) (7) <br />Loss 1adivid.al Properties <br />Cea,srsien Retro of <br />Factor Premise ___1!) <br />.644 .156 42,384 .1947 <br />.904 .096 26,312 .1346 <br />.811 .189 68.677 .2695 <br />.877 .123 34,314 .1576 <br />.877 .123 S3.006 .2436 <br />.291 i .709 !see `olw 4 <br />217,893 individual <br />226,217 veep <br />80,166 .4114 33 <br />38,640 .2642 21 <br />1 1 <br />1 1 <br />47 440 .3244 16 <br />146 ,146 1461 J 81 <br />(6) <br />Share <br />of Add. <br />Presley Des <br />1,714 <br />1,242 <br />2,464 <br />1,453 <br />2.244 <br />0.217 <br />