Common Contracts
1 similar Peo Agreement contracts
PEO agreement-experience transfer tablePeo Agreement • October 5th, 2004
PEO Client State fund Self-insured Retrospectively rated Public employer State fund Experience transfer required in full or part lease situationsAppropriate experience period payroll and claims will be transferred from the client to the PEO’s policy. At contract termination, appropriate client experience period payroll and claims will be moved from PEO’s account back to the client. No transfer of experience to or from the client or PEO policy State-fund claims cannot become self-insured claimsand self-insured claims cannot become state-fund claims. Experience transfer required in full- or part-lease situationsAppropriate experience period payroll and claims will be moved for experience purposes from the client to the PEO’saccount; however, retrospective losses will continue to be used in the client’s evaluation period. At contract termination, losses incurred during the contract period will stay with the PEO, however, the appropriate experience period payroll and claims willbe used t
