Compensation Trust Clause Samples

Compensation Trust. Employees may be returned to work on light duty or limited duty assignments provided that such work and position is available.

Compensation Trust. The Director of Risk Management will provide an election form when notified 38 of the job-related injury or illness. 39 40 A work-related illness or injury may run concurrently with FMLA. The Human Resources 41 department must be notified of forthcoming absences as a result of a job-related illness or injury. 42 Upon determination of an approved work injury claim, the Human Resources department will 43 determine FMLA eligibility. Upon approval of FMLA eligibility, all related employee absences will 44 be counted toward the employee’s annual 12-week FMLA leave entitlement. 45 46 Additionally, the District will continue to pay the medical insurance premiums for the balance of the 47 school year for an employee eligible for Workers’ Compensation who has exhausted all sick leave.

Compensation Trust. Provide an annual actuarial analysis of the Trust. This analysis should include, but not necessarily be limited to, an estimate of claims liability including incurred but not reported claims, as well as recommendations for future funding. Provide premium rate evaluations, including annually updating the rates and the rating base amounts. Rather than using NCCI rates, the Trust has adopted a premium methodology which utilizes its members’ actual loss experience in establishing premium rates each year. Using actual claims data from the Trust’s twenty-nine years of experience, the Consulting Actuary will be expected to annually perform the necessary analysis and provide the Trust with recommended individual composite rates for each participating agency. As requested by DFA on behalf of the Trust, provide assistance in preparation of a Request for Proposals (RFP) for procuring the third party claims administration contract, loss control contract, and other necessary contracts. As requested by DFA on behalf of the Trust, review various reports submitted by the third party claims administrator and make suggestions on the format and content of the reports, with the overall purpose of making the reports useful and meaningful to the Trust. As requested by DFA on behalf of the Trust, provide testimony to the Mississippi State Agencies Self-Insured Workers’ Compensation Board of Trustees, the Mississippi Workers' Compensation Commission, the State Legislature, and Trust members as needed. Maintain full and accurate records with respect to all matters covered under this Contract. Additionally, upon request by DFA, the Consulting Actuary shall provide copies of all spreadsheets, assumptions, and calculations upon completion of any project approved by the DFA in a format acceptable to DFA. As requested by DFA on behalf of the Trust, provide such advice and consultative services regarding issues and matters of impact or interest to the Trust, and for which the Consulting Actuary has the technical capability to render.

Compensation Trust. The Director of Risk Management will provide an election form when notified of the job-related injury or illness. A work-related illness or injury may run concurrently with FMLA. The Human Resources department must be notified of forthcoming absences as a result of a job-related illness or injury. Upon determination of an approved work injury claim, the Human Resources department will determine FMLA eligibility. Upon approval of FMLA eligibility, all related employee absences will be counted toward the employee’s annual 12-week FMLA leave entitlement. Additionally, the District will continue to pay the medical insurance premiums for the balance of the school year for an employee eligible for Workers’ Compensation who has exhausted all sick leave.

Compensation Trust. Incidental expenses for broken or damaged personal property (glasses, torn clothing, etc.) shall be covered by the District on a reimbursement basis up to a maximum of $500 per incident.

Compensation Trust. The District will provide an election form when notified of the 40 job-related injury or illness. 42 A work-related illness or injury may run concurrently with FMLA. The Human