Experience adjustment definition

Experience adjustment means the adjustment determined by the department, consistent with its actuarial practices, to premiums for the year in which a local employer withdraws from the plan.
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Experience adjustment means the adjustment determined by the department, consistent with its generally accepted actuarial practices, to current contributions premiums for the year in which a local employer withdraws from the plan for benefits that reflects deviations in claims experience.
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Experience adjustment means the adjustment determined by the department, consistent with generally accepted its actuarial practices, to current contributions for benefits that reflects
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Examples of Experience adjustment in a sentence

  • Experience adjustment up to the category maximum shall be based upon the number of years of teaching in elementary or secondary schools in a Canadian, publicly funded, English speaking education system plus the number of full days of extended Occasional Teaching divided by the number of school days in the school year.

  • Experience adjustment up to the category maximum shall be based upon the number of years of regular teaching in secondary schools in a provincial, publicly funded, English speakingeducation system plus the number of full days of extended Occasional Teaching divided by the number of school days in the school year.

  • To determine what a Long Term Occasional Teacher is to be paid for an assignment (1 Grid Salary X Number x Factor Number in School Year Experience adjustment shall be based upon: An Occasional Teacher shall be credited with previous long term occasional and day school teaching experience which the Occasional Teacher has acquired.

  • Experience adjustment shall be based upon the number of years of regular contract teaching in Ontario or equivalent plus the number of full days of extended Occasional Teaching with the Board divided by and rounded to the nearest month.


More Definitions of Experience adjustment

Experience adjustment means the adjustment determined by the department, consistent with its actuarial practices, to
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