Model in Estimating Economic Loss in Personal Injury and Death Litigation

Size: px
Start display at page:

Download "Model in Estimating Economic Loss in Personal Injury and Death Litigation"

Transcription

1 Recent Researches in Ecnmics Mdel in Estimating Ecnmic Lss in Persnal Injury and Death Litigatin Haslifah Hashim Abstract In the United States, the human life value methd is ften used in curt cases invlving persnal injury and death litigatin, attempts t measure the cmpensatry ecnmic damages. Hever, there are sme weaknesses f using human life value in the calculatin. Currently in Malaysia, curts use the traditinal multiplicand-multiplier apprach when assessing the ecnmic lsses and damages. The bjective is t calculate a lump sum amunt t cmpensate the plaintiff fr future lss f earnings and t cver penses. I believe this is where actuarial scientists need t play a rle in develping a new scientific mdel in rder t acquire an apprpriate amunt f curt award, which is relevant and satisfy bth plaintiff and defendant. Therefre, the bjective f this research is t develp a scientific mdel using the human live value methd with few revisins that can be used as a guide t determine the amunt f curt award in persnal injury and death litigatin. References will be made t the apprpriate acts and curt cases, where applicable, thrughut this paper. Using the actuarial mdel, the research findings indicate that victims are being under cmpensated. The ecnmic damages that are awarded are insufficient t cver their lsses f future earnings. Legal refrm is necessary t address this issue. Keywrds Death litigatin, human life value, lss f dependency, lss f earnings, persnal injury. C I. INTRODUCTION OURT awards fr cmpensatry damages are intended t give victims a sum f mney in the frm f damages which will restre the individual, in financial terms, as nearly as pssible t the psitin they wuld have been in if the wrng had nt been cmmitted. The cmpensatin cmprises an award fr ecnmic lsses which ften referred t as mnetary lsses, include medical penses, wage lss, and ther ut-f-pcket penses; and nn-ecnmic lsses assciated with pain and suffering. In the United Kingdm, the use f actuaries r frensic ecnmists in calculating ecnmic damages in persnal injury and death litigatin is rare. In the past, judges have used their n cmmn law and cmmn sense standards fr calculating damages []. These standards usually cnsisted f multipliers that culd be applied t a plaintiff s incme r medical csts t estimate their ecnmic lss. These Manuscript received August 8,. This wrk was supprted by the Ministry f Higher Educatin (MOHE) under Fundamental Research Grant Scheme (FRGS) Grant N. RMI/SSP/FRGS 5/3/Fsp (4/) and Universiti Teknlgi MARA (UiTM). H. Haslifah is n with Universiti Teknlgi MARA, 445 Shah Alam, Selangr, Malaysia. ( multipliers were derived frm past curt decisins and had little scientific basis. In an attempt t bring sme sund actuarial principles t the use f multipliers, the Gvernment Actuary's Department, United Kingdm (GAD) prduced a set f multipliers in year 984 named Actuarial Tables with Eplanatry Ntes fr Use in Persnal Injury and Fatal Accident Cases, als knn as the Ogden Table named after the first chairman f a multidisciplinary wrking party that develped the actuarial tables, Sir Michael Ogden. Judges in the United Kingdm were nt required t use the Ogden Tables in calculating damages until year 999, where in the case f Wells v Wells [999] AC 345, the Huse f Lrds apprved actuarial technique as the primary methd f calculating future ecnmic lsses and made it cmpulsry t utilise the Ogden Tables when assessing a settlement. The tables take int accunt life pectancy and prvide a range f discunt rates. The mst recent editin f the tables als sets ut a methd fr taking int accunt cntingencies ther than mrtality, including the assessment f a claimant s residual earning capacity after an accident. Currently in Malaysia, curts use the traditinal multiplicand-multiplier apprach when assessing the ecnmic lsses and damages as specified by the Civil Law Act 956 (CLA). Hever, there is still a marked reluctance n the part f Malaysian curts t accept actuarial assessment dealing with persnal injury and death litigatin cases, fr instance in the case f P.S. Lum v H.H. Lim [] 4 AMR 47. The questin ften asks, are these laws and their interpretatins and applicatins fair t the dependants whse breadwinner has been killed r the accident victim wh has been seriusly injured? T be fair in estimating ecnmic lss fr all persnal injury and death litigatin cases handle by jurisdictin and t satisfy bth plaintiff and defendant party accrding t the award calculatin, the bjective f this research is t develp a standard actuarial mdel that can be used as a guide t determine the amunt f curt award. The current methds that have been develped by frensic ecnmists generally take a cnservative and perhaps verly narr apprach t valuing life and husehld prductin especially in areas f wrngful injury and death. Researcher suggested that an accurate estimatin shuld cnsider factr as family prfile []. Therefre, in this research I used a family lifetime mdelling in rder t develp an ISBN:

2 Recent Researches in Ecnmics actuarial mdel in estimating ecnmic lss in persnal injury and death litigatin. Despite the smetimes scathing remarks made by the judiciary n the rle f actuaries in valuing persnal injury and death claims, I believe that the curts have in effect attempted t use actuarial practice in making their n assessment f damages. Actuaries d nt claim t predict the future but they d aim t place current values n future uncertain events, especially thse with a financial utcme, in a sund and scientific manner [3]. References will be made t the apprpriate acts, case law, curt cases, where applicable, thrughut this paper. A. General Mdel II. THE MODEL I develped a general mdel f the curt award as flls: T P SD) P( GD ( i CA L ) () where, CA = Curt award L = Percentage f assessing liability P = Prbability f persnal injury assessment fr special damages P = Prbability f persnal injury assessment fr general damages SD = Special damages (pre-trial ecnmic lsses) GD = General damages (nn-ecnmic lsses added t pst trial ecnmic lsses) i = Interest rate T = Years f curt trial B. Estimating Special Damages (SD) This research used a revisin methd f human life value that has been develped using a family lifetime mdelling [4]. T begin the family lifetime mdel frmulatin, I estimated the persn s ttal incme fr each year frm prjectin f his current salary ver the remaining years f his wrking lifetime and incme after retirement such as retirement benefits. I used a cnstant future salary increment rate at 6% per annum in the cmputatin. Let, = Current age I +t = Ttal incme fr at age +t e = Wrking life pectancy S +t = Current salary per mnth s = Cnstant future salary increment rate per annum EPF = The statutry minimum Emplyee Prvident Fund (EPF) cntributin rate (emplyee) EPF Savings = EPF savings n retirement t = Present value at time t The ttal incme fr the persn at age +t is, I S t s EPF t t Therefre, the present value f the incme is as flls, P I I I I... I EPF Savings t = I t t =,,, 3 t < e The prjectin f EPF savings is the accumulatin f future cntributins and therefre it invlves time value f mney. The summing f these accumulated future cntributins invlves the summing f a gemetric series. The cntributin rate fr the emplyer and emplyee are assumed at % and % respectively, thus k = 3%. The dividend rate is assumed at 5% per annum. Let, X = Salary per mnth at entry int EPF membership k = Ttal statutry minimum EPF cntributin rate s = Cnstant future salary increment rate per annum d = Cnstant future EPF dividend rate n = Number f cmpleted years in service The prjected EPF savings at the end f n years, Xk Xk Xk n s d s d n d *, if s d n s d s d n d *, if s d n d, if s d Nt, incme ta fr the persn is calculated fr each year until retirement age using the isting ta tables and rules prduced by the Inland Revenue Department in Malaysia. Let, = Current age T +t = Ttal ta payable at age +t e = Wrking life pectancy t = Present value at time t The present value f the ttal incme ta payable is, P T T T T... T = t T t t =,,, 3 t < e Then, I estimated the ttal amunt f husehld penditures, which are calculated using the data published by the Department f Statistics, Malaysia. Let, = Current age Since the EPF cntributin rates fr the emplyer were maintained at % since December 98, therefre I assumed the rate is % in this analysis. Fr the emplyee, the cntributin rates were between 9% t % since December 98, with the current rate at %. () (3) ISBN:

3 Recent Researches in Ecnmics HE +t = Ttal husehld penditure csts at age +t e = Life pectancy t = Present value at time t The present value f the ttal husehld penditures is P HE HE HE HE... E = t E t t =,,, 3 t < e Children s educatin csts are als included in the cmputatins. In additin, ther pst death needs such as funeral penses are als incrprated. Let, = Current age OE = Ttal f ther penses b i = Median age at birth fr the i child accrding t age f, where i =,, N e = Life pectancy t = Present value at time t Therefre, the present value f ther penses is as flls, P OE Educatin cst fr the first child b Educatin cst fr the secnd child th Educatin cst fr the n child bn Funeral penses fr the husband b b bn b (4)... (5) the defendant under special damage, the parties agreed t the sum f RM, fr funeral penses and the sum f RM45 fr the cst f repair t the mtrcycle. Fr the lss f dependency, the first, secnd and third plaintiffs are the father, mther and the sn f the deceased persn. The claim fr lss f dependency is made under the CLA. The deceased was 35 years ld at the time f his death. Based n sectin 7(3)(iv)(d) f the Act, the multiplier wrks ut as flls: = / = * mnths = mnths. In all the circumstances f the case, taking int accunt the number f family member relying n the deceased persn, the judge decided a sum f RM6 per mnth t be given t the plaintiffs. Therefre, the ttal award fr the lss f dependency in respect f the first, secnd and third plaintiffs was *RM6 = RM7,. Hever, there are weaknesses f using the multiplier methd. Clearly, this methd is very simple and misses a range f imprtant factrs such as husehld demgraphics, penditures and scial security ffsets. It als ignres pected life changes and individual preferences abut sustaining the living standard f survivrs. I used the human life value revisin methd described abve t estimate the amunt fr lss f dependency. Firstly, I develped a family lifetime mdel fr this case study and estimate the present value f the net future incme f the deceased as shn in Table I. If the breadwinner is still alive, the mnetary value f himself wuld be RM9,44. Then, the present value f net future incme (special damages) fl fr the persn can be calculated by sum up (), (3), (4) and (5). I used the same mdel t estimate the lss f dependency r lss f future earnings. The incme and persnal ta f the breadwinner are assumed t be nil. Husehld penditures and ther penses like educatin csts and funeral penses are calculated fr each year until the dependents pected age f death, r until the children leave tertiary educatin at the age f. III. CASE STUDIES A. Mhamed Mat Amin & ORS v Mhd Rabu Ihsan [] 5 CLJ Accrding t the curt case f Mhamed Mat Amin & ORS v Mhd Rabu Ihsan (8 July ), n 8 December 99, Mhd Nr Mhamed (the first deceased) was riding mtrcycle and Nr Hasisan Mhd Nr (the secnd deceased) was riding anther mtrcycle, an accident ccurred in which bth f them died. The plaintiffs wanted t claim their lss f dependency and special damage arising ut f the rad accident. In the circumstances, the judge fund that the defendant whlly t be blamed fr the accident. In respect f the first deceased persn, the flling damages are paid by Lss f dependency claims brught by spuse, children and parents f (5) the deceased ften arise due t the death f victims in accidents under Sectin 7(), () & (3) f CLA Incme Husehld Other TABLE I Age f Age f Plaintiffs Incme Ta Ependitures Epenses Present Deceased CASE Father STUDY Mther : PRESENT Sn ALUE (I) OF NET (T) FUTURE (ME) INCOME OF (OE) THE DECEASED Surplus alue ,8. 65.,53. 5, , , ,59.7 6,.5 5, , , ,8.75 6, , , ,55. 6, , , , , , , ,.7 7, , ,8.3 3, , , , , ,99.9 Nte:. The pected age f death fr a male aged 64 is The pected age f death 34.5 fr a female aged 66 is Dependants include 5 children up t years ld Children educatin 4 cst. 5. Funeral penses 8, , , ,89.4 The death f the breadwinner usually 9,47.9 terminates an incme stream that the family has relied upn. The csts f daily 7,69. living , fr survivrs and pst death penses are needed t leave the 9,3.3 9,4.8 family in their current standard f living. 5,99. Thus, I estimated the husehld penditures fr the surviving families. There are 9,73.8 3,48. als ther needs that arise flling 5,989.8 the 7,56.95 death 5 f the breadwinner, fr instance 8,333.3 husehld debts and funeral 3, , penses. Using the human life value revisin methd, the pected amunt fr lss f dependency is RM,85 as shn in Table II , , , ,6. - 9, ,8. 7, , , , , ,46.3, ,9., ,58.7,5.84 5, , , , ISBN:

4 Recent Researches in Ecnmics TABLE II CASE STUDY : THE EXPECTED AMOUNT FOR LOSS OF DEPENDENCY Finally, the curt award is then estimated using (). I assumed the liability is % fr the death accident as in this case study. CA L P SD) P( GD ( i) T = % [% (cst f mtrcycle repair + funeral penses) +% (lss f dependency)] (.3) 9 = RM9,66 The result calculated using the human life value revisin methd in this case study is much mre higher cmpared t the amunt f RM74,45 that has been awarded by the curt. This is because I cnsidered ther imprtant factrs int the cmputatin fr lss f dependency, fr instance the pected salary increment, funeral penses and cst f educatin fr children. B. Azman Kasri & Anr v Md. Isa Endut & Gvernment f Malaysia [988] CLJ Azman, the first plaintiff was kncked dn frm the rear by a military truck driven by the first defendant n February 98 while cycling. Injuries are briefly described as crush injury f left leg, si-inch laceratin wund vertical psing the ler end f left femur and upper end f left tibia and fibula, dislcatin f left knee with separatin, and lateral ppliteal nerve partially trn near neck f left fibula. Left leg was subsequently amputated abve the knee. The secnd plaintiff is the mther f the victim, which has been awarded transprtatin penses t visit the first plaintiff amunting RM,7 and penses t buy nurishing fds fr the first plaintiff fr RM. In this case study, I nly estimated the curt award fr the first plaintiff. The judge estimated that if nt fr the first plaintiff s amputated left leg, at the age f, he wuld be able t wrk as a rubber tapper r welder in an estate and earn abut RM4 per mnth. The first schedule f the Wrkmen s Cmpensatin Ordinance 95 states that the lss f earning capacity f a wrker fr lss f a leg abve the knees wuld be 6%. The judgement cnsidered that the first plaintiff s lss f earning capacity t be 6% f RM4 which is RM4 per mnth. Thus, it give a multiplier f 4 years (55 = 35* /3), and lss f future earnings f RM39,74. Other awards are general and special damages. General damages fr the first plaintiff are pain and suffering due t the nature f injuries t his left leg prir t amputatin f the left leg fr the amunt f RM,; amputatin f left leg abve the knee amunting RM45,; skin grafting and resultant scar fr RM,. An interest at 6% per annum n general damages frm date f accident t date f judgment was als awarded fr the ttal sum f RM 7,48. Special damages fr the first plaintiff include cst fr fitting artificial limb amunting RM33,6; cst fr future renewal f cnsumptive items fr the amunt f RM,64 and travelling penses fr servicing f artificial limb (3 trips per year at RM per trip fr 35 years) fr RM,5. In ttal, the amunt f curt award fr the first plaintiff that had been awarded was RM34,96. N, I used the human life value revisin methd t estimate the amunt fr lss f future earnings. Firstly, I develped a family lifetime mdel fr this case study and estimated the present value f net future incme f the deceased as shn in Table III. If the plaintiff s left leg is nt amputated, he wuld be able t wrk and the mnetary value f himself is estimated at RM96,479. TABLE III CASE STUDY : PRESENT ALUE OF NET FUTURE INCOME OF THE ICTIM Since the plaintiff had becme permanently disabled as his left leg amputated abve the knee, he wuld nt be able t wrk. It is pected that the amunt fr lss f the plaintiff s future earnings is RM84,953 as shn in Table I. ISBN:

5 Recent Researches in Ecnmics TABLE I CASE STUDY : THE EXPECTED AMOUNT FOR LOSS OF FUTURE EARNING Finally, a curt award is then calculated. I assumed the liability is % as the plaintiff had becme ttally and permanently disabled. As fr the lss f future earnings, I flled the first schedule f the Wrkmen s Cmpensatin Ordinance 95, which states that the lss f earning capacity f a wrker fr lss f a leg abve the knees wuld be 6%. C. Case Study 3: Zulkifli Ayb v elasini K. Mathavan & Anr [] CLJ In the High Curt Malaya, Kuala Terengganu (3 Nvember 999), the appellant was the defendant in a negligence suit brught by the plaintiffs against him. The first respndent s claim was brught pursuant t sectin 7 f the CLA fr the benefit f the dependants f the deceased, Mathavan Kunjap. This accident happened n August 984. The car driven by the secnd respndent with the deceased as a passenger was invlved in a rad cllisin with the car driven by the appellant resulting in the injuries t the respndents and the passenger succumbed t his injuries and died later in the hspital. At the time f his death, the deceased was 36 years ld. He was an independent cntractr wrking with Petrliam Nasinal Berhad (Petrnas) earning a mnthly incme f abut RM3,. The appellant being dissatisfied with the quantum awarded, filed an appeal. At the hearing f the appeal, the appellant limited his appeal nly t the quantum awarded in respect f lss f supprt. It is cntended fr the appellant that the amunt awarded was manifestly cessive fr the reasn that the judge based his assessment n a higher number f multiplier. By an rder f June 996, the sessin s judge decided that the lss f dependency was at RM,5 per mnth. As the deceased died at the age f 36 years, the number f multiplier was decided t be 5 years. In the circumstances, the lss f dependency is RM7, based n the frmula f RM,5 per mnth * mnths * 5 years. N reasn at all was given by the judge as t h he arrived at RM,5 per mnth as the mnthly lss f dependency and as t h he arrived at the figure f 5 years as the multiplier. The cunsel fr the appellant submitted that the multiplier shuld be 3 years instead. He based his argument n the curt case f Ahmad Nrdin & Anr v Ngak Hua & ORS [985] MLJ 43. In that case, the judge decided n a multiplier f 5 years in respect f the deceased wh died at the age f 4 years. This was based n the prbable retiring age f 65 years. The supreme curt was f the view that the retiring age shuld be fied at 55 and as the deceased was 4 at the time f his death and deducting 3 years fr cntingencies that wuld leave 8 years f multiplier. The appellate curt agreed that based n the principle laid dn in Ahmad Nrdin & Anr v Ngak Hua & ORS [985] MLJ 43, the determinatin that the multiplier in this case wuld be 3. Cnsequently, the curt awarded RM34, fr the lss f supprt. Other awards are pre-trial lss f supprt amunting RM,5; funeral penses fr RM3, and interest at the rate f 4% per annum in respect f lss f supprt fr the amunt f RM8,46, adding t the ttal verall curt award f RM456,96. As I calculated in case study and, the same mdel and methd applied in this case study. I develped a family lifetime mdel fr this case study and estimated the present value f net future incme f the deceased as shn in Table. If the breadwinner is still alive, the mnetary value f himself wuld be RM37,69. TABLE CASE STUDY 3: PRESENT ALUE OF NET FUTURE INCOME OF THE DECEASED ISBN:

6 Recent Researches in Ecnmics Nt, I estimated the lss f supprt using the human life value revisin methd. I ignred scial security s benefit (SOCSO) fr the reasn that under the Emplyees Scial Security Act 969 and the Emplyees Scial Security (General) Regulatins 97, an emplyee earning a mnthly incme f RM, r abve is nt bligatry cntribute t SOCSO. Table I shs the cmputatins, and it is pected that the amunt fr lss f the plaintiff s future earnings is RM59,976. As an emplyee f Petrnas, the deceased cntributed a percentage f his salary int EPF. Thus, the amunt f RM59,976.5 is then subtracted frm the prjected EPF savings, which culd be withdrawn by the ntf-kin in the event f death f the breadwinner. I als assumed the deceased entered int labur frce when he was at the age f, therefre n = 4. TABLE I CASE STUDY 3: THE EXPECTED AMOUNT FOR LOSS OF SUPPORT The prjected EPF savings is n s n d Xk d * s d, if s d = RM,898 Therefre, the estimated amunt fr lss f future earnings after subtracting EPF savings is RM47,77. Nt, a curt award is then calculated. I assumed the liability is % fr the death accident as in this case study. CA L P SD P ( GD ( i) T ) =% [% (funeral penses) + % (lss f future earning)] (.3) 5 = RM654,466 Using the human life value revisin methd, the pected amunt fr the curt award is RM654,466, which is much higher than what had been awarded by the curt. I. CONCLUSION When assessing ecnmic lss in persnal injury and death litigatin, curts ften use traditinal multiplicand-multiplier methd. The bjective is t calculate a lump sum amunt t cmpensate the plaintiff fr a stream f future lst earnings. Mst judges select the multipliers by reference t past curt decisins and had little scientific basis. Within the legal prfessin, there has been cncern that there is t much uncertainty invlved in calculating the multiplier. It has been described as an arbitrary prcess, in which the multiplier is nt calculated in a precise r lgical manner [5]. In particular, the multiplier takes virtually n accunt f the factrs that influence the way an individual s earnings change ver time. In persnal injury and death litigatin, the bject f valuatin is the value f a life. This research has develped a scientific mdel using the human live value methd with few revisins that can be used as a guide t determine the amunt f curt award in persnal injury and death litigatin, which fcuses nly n the ecnmic lsses in special and general damages, particularly n the lss f future earning capacity and the dependency claim. Nn-ecnmic lsses are ignred in the mdel. Nn-ecnmic lsses are awarded with respect t the pain and suffering endured and be awarded by judges based n previus curt cases. T cmpute ecnmic lsses, it is necessary t take int cnsideratin factrs affecting the mnetary value f a human life such as salary increment, scial security, taes, husehld penditures, funeral penses, children educatin csts, inflatin, retirement age and life pectancy. As such, a lifetime mdel f the plaintiff need t be cnstructed frm which t begin prjectins f ecnmic value lst in future years. The human life value revisin methd is then applied t the mdel. In the applicatin f the human life value revisin methd, I cmpute the pected amunt fr lss f dependency in the event f death f the breadwinner, r the estimated amunt fr lss f future earnings in the event f persnal injury. Finally, using a general mdel frmulatin, a curt award is then calculated. This amunt culd be a guide t determine the apprpriate amunt f curt award in persnal injury and death litigatin. REFERENCES [] J. Ward, Ecnmic Damages in Persnal Injury and Death in the UK and Ireland: A Cmparisn with Damages Assessment in the United States and Canada, presented at the Allied Scial Science Assciatins Cnference, Philadelphia, Pennsylvania, January 7-9, 5. [] C.C. Fischer, The aluatin f Husehld Prductin: Divrce, Wrngful Injury and Death Litigatin, American Jurnal f Ecnmics and Scilgy, vl. 53, pp. 87, 994. [3] A.C. Martin, J.W. Beardmre, A.P. Gallp, P.G. Kennedy, J.L. McKenzie, R. Owen, C.C. Patel, C.T. Pettengell and P.W. Wright, Damages: Persnal Injury Awards, presented at a Seminar f Institute f Actuaries, Lndn, December 9, 997. [4] H. Haslifah, The Revisin Methd f Human Life alue and Needs Analysis, Ph.D dissertatin, Schl f Finance, Actuarial Science and Applied Statistics, Australian Natinal University, Canberra, 8. [5] R. Lewis, R. McNabb, H. Rbinsn and. Wass, Lss f Earnings Flling Persnal Injury: D the Curts Adequately Cmpensate Injured Parties?, Ecnmic Jurnal, vl. 3, pp , 3. ISBN:

YOUR NEW SOUTH WALES WORKERS COMPENSATION CLAIM

YOUR NEW SOUTH WALES WORKERS COMPENSATION CLAIM Gibney & Gunsn LAWYERS New Suth Wales & Victria YOUR NEW SOUTH WALES WORKERS COMPENSATION CLAIM Nt cvered by the scheme Injuries that ccur n the way t r frm wrk (wrkers wh are injured while driving during

More information

INCOME TAX INSURANCE PERSONAL SICKNESS AND ACCIDENT INSURANCE TAKEN OUT BY EMPLOYEE WITH EMPLOYER PAYING THE PREMIUMS ON EMPLOYEE S BEHALF

INCOME TAX INSURANCE PERSONAL SICKNESS AND ACCIDENT INSURANCE TAKEN OUT BY EMPLOYEE WITH EMPLOYER PAYING THE PREMIUMS ON EMPLOYEE S BEHALF QUESTION WE VE BEEN ASKED QB 15/09 INCOME TAX INSURANCE PERSONAL SICKNESS AND ACCIDENT INSURANCE TAKEN OUT BY EMPLOYEE WITH EMPLOYER PAYING THE PREMIUMS ON EMPLOYEE S BEHALF All legislative references

More information

What Happens To My Benefits If I Get a Bunch of Money? TANF Here is what happens if you are on the TANF program when you get lump-sum income:

What Happens To My Benefits If I Get a Bunch of Money? TANF Here is what happens if you are on the TANF program when you get lump-sum income: 126 Sewall Street Augusta, Maine 04330-6822 TTY/Vice: (207) 626-7058 Fax: (207) 621-8148 www.mejp.rg What Happens T My Benefits If I Get a Bunch f Mney? Each prgram, (TANF, SSI, MaineCare, etc.) has its

More information

SINGLE PUBLIC SERVICE PENSION SCHEME GENERAL OUTLINE OF STANDARD TERMS

SINGLE PUBLIC SERVICE PENSION SCHEME GENERAL OUTLINE OF STANDARD TERMS SINGLE PUBLIC SERVICE PENSION SCHEME GENERAL OUTLINE OF STANDARD TERMS January 2013 This is a summary guide t the Single Public Service Pensin Scheme and shuld be read alngside r in cnjunctin with the

More information

RIVERSIDE TRANSIT AGENCY FULL-TIME ATU EMPLOYEES NEW HIRE ENROLLMENT OVERVIEW 2015

RIVERSIDE TRANSIT AGENCY FULL-TIME ATU EMPLOYEES NEW HIRE ENROLLMENT OVERVIEW 2015 RIVERSIDE TRANSIT AGENCY FULL-TIME ATU EMPLOYEES NEW HIRE ENROLLMENT OVERVIEW 2015 Riverside Transit Agency (RTA) is extremely prud f the package f benefits available t yu. The benefits package prvided

More information

R o t h IRAs : How They W o r k and How to Use Them

R o t h IRAs : How They W o r k and How to Use Them R t h IRAs : Hw They W r k and Hw t Use Them Rth IRAs differ frm ther tax-favred retirement plans, including ther IRAs (called "traditinal IRAs"), in that they prmise cmplete tax exemptin n distributin.

More information

FundingEdge. Guide to Business Cash Advance & Bank Statement Loan Programs

FundingEdge. Guide to Business Cash Advance & Bank Statement Loan Programs Guide t Business Cash Advance & Bank Statement Lan Prgrams Cash Advances: $2,500 - $1,000,000 Business Bank Statement Lans: $5,000 - $500,000 Canada Cash Advances: $5,000 - $500,000 (must have 9 mnths

More information

PLANNING FOR QUALITY CARE AND INDEPENDENCE. Why you need to plan for long-term care assistance, and what funding options are available.

PLANNING FOR QUALITY CARE AND INDEPENDENCE. Why you need to plan for long-term care assistance, and what funding options are available. PLANNING FOR QUALITY CARE AND INDEPENDENCE Why yu need t plan fr lng-term care assistance, and what funding ptins are available. PLANNING FOR QUALITY CARE AND INDEPENDENCE The value f planning ahead The

More information

How much life insurance do I need? Wrong question!

How much life insurance do I need? Wrong question! Hw much life insurance d I need? Wrng questin! We are ften asked this questin r sme variatin f it. We believe it is NOT the right questin t ask. What yu REALLY need is mney, cash. S the questin shuld be

More information

Professional indemnity insurance arrangements for enrolled nurses, registered nurses and nurse practitioners

Professional indemnity insurance arrangements for enrolled nurses, registered nurses and nurse practitioners Guideline August 2013 Prfessinal indemnity insurance arrangements fr enrlled nurses, registered nurses and nurse practitiners Intrductin This guideline has been develped by the Nursing and Midwifery Bard

More information

Employee Benefits Liability Policy

Employee Benefits Liability Policy Plicy 10/3084 part 3 Emplyee Benefits Liability Plicy Summary Publicatin Date March 2015 Review Date March 2016 Related Legislatin/Applicable Sectin f Legislatin Related Plicies, Prcedures, Guidelines,

More information

March 2016 Group A Payment Issues: Missing Information-Loss Calculation letters ( MILC ) - deficiency resolutions: Outstanding appeals:

March 2016 Group A Payment Issues: Missing Information-Loss Calculation letters ( MILC ) - deficiency resolutions: Outstanding appeals: The fllwing tpics were discussed in the March 24, 2016 meeting with law firms representing VCF claimants. Grup A Payment Issues: We cntinue t fcus n paying Grup A claims in full and are meeting the schedule

More information

Special Tax Notice Regarding 403(b) (TSA) Distributions

Special Tax Notice Regarding 403(b) (TSA) Distributions Special Tax Ntice Regarding 403(b) (TSA) Distributins P.O. Bx 7893 Madisn, WI 53707-7893 1-800-279-4030 Fax: (608) 237-2529 The IRS requires us t prvide yu with a cpy f the Explanatin f Direct Rllver,

More information

insurers cannot deny coverage for patients with preexisting conditions or because an insured got sick;

insurers cannot deny coverage for patients with preexisting conditions or because an insured got sick; The Affrdable Care Act Health Insurance Respnsibilities f Large, Midsize & Small Emplyers; Buying Insurance n the Individual Health Insurance Marketplace and the Small Business Health Optins Prgram Intrductin:

More information

CONTENTS UNDERSTANDING PPACA. Implications of PPACA Relative to Student Athletes. Institution Level Discussion/Decisions.

CONTENTS UNDERSTANDING PPACA. Implications of PPACA Relative to Student Athletes. Institution Level Discussion/Decisions. This dcument is intended t prvide NCAA member institutins with an infrmatinal guide regarding the ptential implicatins f the Patient Prtectin and Affrdable Care Act f 2010 (PPACA) when fully implemented

More information

Group Term Life Insurance: Table I Straddle Testing and Imputed Income for Dependent Life Insurance

Group Term Life Insurance: Table I Straddle Testing and Imputed Income for Dependent Life Insurance An American Benefits Cnsulting White Paper American Benefits Cnsulting, LLC 99 Park Ave, 25 th Flr New Yrk, NY 10016 212 716-3400 http://www.abcsys.cm Grup Term Life Insurance: Table I Straddle Testing

More information

City of Gold Coast. Debt Management. Public Statement

City of Gold Coast. Debt Management. Public Statement City f Gld Cast Debt Management Public Statement Octber 2015 This statement explains the City f Gld Cast s debt management apprach and psitin. It includes the fllwing: Overall Financial Psitin Prfit and

More information

REFERENCE ACTION ANALYST STAFF DIRECTOR 1) Insurance, Business & Financial Affairs Policy Committee Reilly Cooper SUMMARY ANALYSIS

REFERENCE ACTION ANALYST STAFF DIRECTOR 1) Insurance, Business & Financial Affairs Policy Committee Reilly Cooper SUMMARY ANALYSIS HOUSE OF REPRESENTATIVES STAFF ANALYSIS BILL #: HB 903 Wrkers' Cmpensatin Attrney's Fees SPONSOR(S): Flres and thers TIED BILLS: IDEN./SIM. BILLS: REFERENCE ACTION ANALYST STAFF DIRECTOR 1) Insurance,

More information

Miami University Sprint Class

Miami University Sprint Class Miami University Sprint Class Prewrk G t www.beanactuary.cm and read abut the actuarial prfessin. Week 1 Why d we need actuaries? Cmpanies sell prmises nt widgets. Lng-term nature. Tpic 1 Types f Insurance

More information

Whenever practicable, the cap should be discussed and specifically agreed with the other party. This is discussed further below, see Agreeing a cap.

Whenever practicable, the cap should be discussed and specifically agreed with the other party. This is discussed further below, see Agreeing a cap. Liability Briefing updated Octber 2008 Managing liability thrugh financial caps 26 Stre Street Lndn WC1E 7BT Tel: 020 7399 7400 Fax: 020 399 7425 Every well-run business must manage the risks that it faces

More information

NAVIPLAN PREMIUM LEARNING GUIDE. Analyze, compare, and present insurance scenarios

NAVIPLAN PREMIUM LEARNING GUIDE. Analyze, compare, and present insurance scenarios NAVIPLAN PREMIUM LEARNING GUIDE Analyze, cmpare, and present insurance scenaris Cntents Analyze, cmpare, and present insurance scenaris 1 Learning bjectives 1 NaviPlan planning stages 1 Client case 2 Analyze

More information

VET FEE-HELP Frequently Asked Questions for Students May 2010

VET FEE-HELP Frequently Asked Questions for Students May 2010 Hw d I apply? VET FEE-HELP Frequently Asked Questins fr Students May 2010 If yu are eligible fr VET FEE-HELP assistance and wuld like t btain a VET FEE-HELP lan, yu shuld btain a Request fr VET FEE-HELP

More information

4370.4 REV-1. cash flows from operating activities, cash flows from investing activities, and cash flows from financing activities.

4370.4 REV-1. cash flows from operating activities, cash flows from investing activities, and cash flows from financing activities. CHAPTER 5 STATEMENT OF CASH FLOWS IN DETAIL 5-1 Cash is the lifebld f any nging cncern. Cash is INTRODUCTION the fuel that keeps the business aflat. As was stated in Chapter 2, the Balance Sheet and the

More information

Annuities and Senior Citizens

Annuities and Senior Citizens Illinis Insurance Facts Illinis Department f Insurance January 2010 Annuities and Senir Citizens Nte: This infrmatin was develped t prvide cnsumers with general infrmatin and guidance abut insurance cverages

More information

OECD-NEA Study Cost of Nuclear Accidents-liabilities Issues and their Impact on Electricity Costs

OECD-NEA Study Cost of Nuclear Accidents-liabilities Issues and their Impact on Electricity Costs OECD-NEA Study Cst f Nuclear Accidents-liabilities Issues and their Impact n Electricity Csts Wrkshp Appraches t estimatin f the csts f nuclear accidents May 28-29, 2013 OECD/NEA Headquarters, Issy-les-Mulineaux,

More information

In Australia, compulsory third party insurance (CTP) covers

In Australia, compulsory third party insurance (CTP) covers COMPULSORY THIRD PARTY INSURANCE: METHODS OF MAKING EXPLICIT ALLOWANCE FOR INFLATION B. J. BRUTON and J. R. CUMPSTON Australia SUMMARY An inflatin index is essential when cnstructing claim payment mdels

More information

OVERTIME STATUS OF MORTGAGE LOAN OFFICERS UNDER FLSA (Prepared in collaboration with Employment Law Compliance)

OVERTIME STATUS OF MORTGAGE LOAN OFFICERS UNDER FLSA (Prepared in collaboration with Employment Law Compliance) OVERTIME STATUS OF MORTGAGE LOAN OFFICERS UNDER FLSA (Prepared in cllabratin with Emplyment Law Cmpliance) Cntents: General Cmments Differing Treatment fr Emplyees with the Same Title Applicatin f Interpretatin

More information

The Family Cost Share system is designed so families with the ability to pay will share in the cost of services.

The Family Cost Share system is designed so families with the ability to pay will share in the cost of services. Paying fr Early Childhd Interventin Services What is ECI? Texas Early Childhd Interventin (ECI) prgrams serve families with children birth t 36 mnths with develpmental delays r disabilities. ECI prvides

More information

Public consultation paper

Public consultation paper Public cnsultatin paper Nvember 2012 Public cnsultatin n guidelines fr prfessinal indemnity insurance arrangements fr nurses and nurse practitiners. Please prvide feedback by email t: nmbafeedback@ahpra.gv.au

More information

Hearing Loss Regulations Vendor information pack

Hearing Loss Regulations Vendor information pack Hearing Lss Regulatins Vendr infrmatin pack Nvember 2010 Implementing the Accident Cmpensatin (Apprtining Entitlements fr Hearing Lss) Regulatins 2010 The Minister fr ACC, the Hn. Dr Nick Smith, has annunced

More information

University of Texas at Tyler 2015-2016 Special Circumstances Request Independent Student

University of Texas at Tyler 2015-2016 Special Circumstances Request Independent Student University f Texas at Tyler 2015-2016 Special Circumstances Request Independent Student Student Name: ID#: Sectin I. In accrdance with Federal regulatins, student and spuse 2014 incme is used t determine

More information

PRODUCTION BASED CONSTRUCTION COST ESTIMATE

PRODUCTION BASED CONSTRUCTION COST ESTIMATE PRODUCTION BASED CONSTRUCTION COST ESTIMATE (BOTTOM-UP ESTIMATING METHOD) DEVELOPED FOR CONSTRUCTION PLANNING DURING THE DESIGN PHASE REV2 10-JAN-14 1 P a g e CONTENT 1 BOTTOM UP ESTIMATING SUMMARY FOR

More information

7 October 2011. Re: Themed Inspection into Third Party Personal Injury Claims. Dear

7 October 2011. Re: Themed Inspection into Third Party Personal Injury Claims. Dear 7 Octber 2011 Re: Themed Inspectin int Third Party Persnal Injury Claims Dear During 2011 the Central Bank f Ireland ( Central Bank ) undertk a themed inspectin prject in relatin t the prcessing f third

More information

Retirement Planning Options Annuities

Retirement Planning Options Annuities Retirement Planning Optins Annuities Everyne wants a glden retirement. But saving fr retirement is n easy task. The baby bmer generatin is graying. Mre and mre peple are appraching retirement age. With

More information

Frequently Asked Questions about the Faith A. Fields Nursing Scholarship Loan

Frequently Asked Questions about the Faith A. Fields Nursing Scholarship Loan ARKANSAS STATE BOARD OF NURSING 1123 S. University Avenue, Suite 800, University Twer Building, Little Rck, AR 72204 Phne: (501) 686-2700 Fax: (501) 686-2714 www.arsbn.rg Frequently Asked Questins abut

More information

Here are some simple guidelines to follow for making wise investments:

Here are some simple guidelines to follow for making wise investments: FAQ - Investment 1. What affects the value f mney? Mney has a tendency t lse its value ver time because the price f gds and services has an upward tendency. This is called inflatin. Here are sme factrs

More information

UC Irvine Salary Expense Reduction and Furlough Supplemental FAQs. For Campus, School of Medicine and College of Health Sciences Employees

UC Irvine Salary Expense Reduction and Furlough Supplemental FAQs. For Campus, School of Medicine and College of Health Sciences Employees UC Irvine Salary Expense Reductin and Furlugh Supplemental FAQs Fr Campus, Schl f Medicine and Cllege f Health Sciences Emplyees The UC Office f the President (UCOP) web site is the authritative resurce

More information

Year End Tax Planning

Year End Tax Planning www.mvandersn.cm.au Year End Tax Planning 2014/15 Individual Tax Return Checklist Yur Checklist Claims fr deductins ü Receipts fr deductins ü Car claims and lg bks ü Please review the infrmatin belw and

More information

There are a number of themed areas for which the Council has responsibility, and each of these is likely to generate debts of a specific type:

There are a number of themed areas for which the Council has responsibility, and each of these is likely to generate debts of a specific type: Wiltshire Cuncil Crprate Debt Recvery Plicy: 29102010 WILTSHIRE COUNCIL CORPORATE DEBT RECOVERY POLICY 1. Intrductin The Cuncil raises a significant prprtin f its ttal incmes thrugh lcal taxes and charges,

More information

FTE is defined as an employee who is employed on average at least 30 hours of service per week.

FTE is defined as an employee who is employed on average at least 30 hours of service per week. On March 23, 2010, President Barack Obama signed int law cmprehensive health care refrm legislatin, the Patient Prtectin and Affrdable Care Act (H.R. 3590) passed in the Senate. The Health Care and Educatin

More information

Guidance for Financial Analysts to model the impact of aircraft noise on Flughafen Zürich AG s financial statements

Guidance for Financial Analysts to model the impact of aircraft noise on Flughafen Zürich AG s financial statements Guidance fr Financial Analysts t mdel the impact f aircraft nise n Flughafen Zürich AG s financial statements Zurich Airprt, March 17, 2015 Intrductin The bjective f this dcument is t explain the impact

More information

WORKPLACE INJURY/ILLNESS/INCIDENT INVESTIGATION & REPORTING POLICY (BC VERSION)

WORKPLACE INJURY/ILLNESS/INCIDENT INVESTIGATION & REPORTING POLICY (BC VERSION) WORKPLACE INJURY/ILLNESS/INCIDENT INVESTIGATION & REPORTING POLICY (BC VERSION) Intrductin: Hw t Use This Tl As d all ther jurisdictins, BC requires emplyers t investigate and reprt specific kinds f wrkplace

More information

What payments will I need to make during the construction phase? Will the lender advance construction funds prior to the work being completed?

What payments will I need to make during the construction phase? Will the lender advance construction funds prior to the work being completed? Q&A What is a cnstructin lan? A cnstructin lan prvides the financing fr the cnstructin f yur new hme. Cnstructin lans may be structured as a single r tw-settlement transactin. Cnstructin lans culd include

More information

Kuck Immigration Partners. Source of Funds. -Worksheet and Document Checklist-

Kuck Immigration Partners. Source of Funds. -Worksheet and Document Checklist- Kuck Immigratin Partners Surce f Funds -Wrksheet and Dcument Checklist- 1 Table f Cntents General Rules... 3 Investrs Net Wrth Wrksheet:... 4 Dcumentatin:... 5 Identificatin and Bigraphic Dcuments... 5

More information

JOINT BOARD OF MODERATORS GUIDELINES FOR CHECKING OUTPUT STANDARDS OF DEGREE PROGRAMMES

JOINT BOARD OF MODERATORS GUIDELINES FOR CHECKING OUTPUT STANDARDS OF DEGREE PROGRAMMES JOINT BOARD OF MODERATORS GUIDELINES FOR CHECKING OUTPUT STANDARDS OF DEGREE PROGRAMMES 1. Intrductin 1.1 These Guidelines are fr higher educatin institutins (r ther educatinal establishments) prviding

More information

Refinancing Section 95 & 61 co-ops CHF Canada s Refinancing Program

Refinancing Section 95 & 61 co-ops CHF Canada s Refinancing Program Refinancing Sectin 95 & 61 c-ps CHF Canada s Refinancing Prgram Lndn Educatin Event 2015 0 CHF Canada s Refinancing Prgram Intrductins Sectin 95 & Sectin 61 Purpse f the Refinancing Prgram Hw the new mrtgage

More information

HOW TO SELECT A LIFE INSURANCE COMPANY

HOW TO SELECT A LIFE INSURANCE COMPANY HOW TO SELECT A LIFE INSURANCE COMPANY There will prbably be hundreds f life insurance cmpanies t chse frm when yu decide t purchase a life insurance plicy. Hw d yu decide which ne? Mst cmpanies are quite

More information

Department of Economic Development. Vocational Training Financial Support Scheme Guidance Document. Updated December 2014

Department of Economic Development. Vocational Training Financial Support Scheme Guidance Document. Updated December 2014 Department f Ecnmic Develpment Vcatinal Training Financial Supprt Scheme Guidance Dcument Updated December 2014 Cntents: 1. Purpse f the Dcument 2 2. Intrductin 2 3. Eligibility 3 4. Financial Assistance

More information

Group Income Protection (GIP) Claim Case Studies

Group Income Protection (GIP) Claim Case Studies www.gruprisk.rg.uk Grup Incme Prtectin (GIP) Claim Case Studies What is GIP? GIP is a plicy taken ut by emplyers t cver their prmise t prvide sick pay t emplyees if illness r injury prevents them wrking

More information

What Does Specialty Own Occupation Really Mean?

What Does Specialty Own Occupation Really Mean? What Des Specialty Own Occupatin Really Mean? Plicy definitins are cnfusing, nt nly t cnsumers but als t many f the insurance prfessinals wh sell them. Belw we will try t prvide an understandable explanatin

More information

ES PROCEDURES FOR OVERPAYMENT RECOVERY

ES PROCEDURES FOR OVERPAYMENT RECOVERY ES PROCEDURES FOR OVERPAYMENT RECOVERY Effective: 7/1/2012 Respnsible Office: Emplyee Services (ES) Apprved: ES Directr Applicatin: All Emplyees f the University f Clrad Plicy The University f Clrad will

More information

THE EMPLOYMENT LAW DISPUTE SPECIALISTS DAMAGES BASED AGREEMENT. Your Employment Tribunal claim relating to your employment with...

THE EMPLOYMENT LAW DISPUTE SPECIALISTS DAMAGES BASED AGREEMENT. Your Employment Tribunal claim relating to your employment with... THE EMPLOYMENT LAW DISPUTE SPECIALISTS DAMAGES BASED AGREEMENT 1. What is cvered by this agreement Yur Emplyment Tribunal claim relating t yur emplyment with... 2. What is nt cvered by this agreement 2.1

More information

The Cost Benefits of the Cloud are More About Real Estate Than IT

The Cost Benefits of the Cloud are More About Real Estate Than IT y The Cst Benefits f the Clud are Mre Abut Real Estate Than IT #$#%&'()*( An Osterman Research Executive Brief Published December 2010 "#$#%&'()*( Osterman Research, Inc. P.O. Bx 1058 Black Diamnd, Washingtn

More information

This report provides Members with an update on of the financial performance of the Corporation s managed IS service contract with Agilisys Ltd.

This report provides Members with an update on of the financial performance of the Corporation s managed IS service contract with Agilisys Ltd. Cmmittee: Date(s): Infrmatin Systems Sub Cmmittee 11 th March 2015 Subject: Agilisys Managed Service Financial Reprt Reprt f: Chamberlain Summary Public Fr Infrmatin This reprt prvides Members with an

More information

Provided By Touchstone Consulting Group Workers Compensation Employee Benefits

Provided By Touchstone Consulting Group Workers Compensation Employee Benefits Prvided By Tuchstne Cnsulting Grup Wrkers Cmpensatin Emplyee The Wrkers Cmpensatin Act f Clrad (WCAC) determines the benefits available t emplyees wh are injured in the curse and scpe f emplyment. In general,

More information

2015-16 Independent Verification Worksheet for HSC Students

2015-16 Independent Verification Worksheet for HSC Students 15IVHP 2015-16 Independent Verificatin Wrksheet fr HSC Students Yur applicatin was selected fr review in a prcess called verificatin. In this prcess, Temple University will be cmparing infrmatin frm yur

More information

Consultation on Pensions Tax Relief. Savings and Investments Policy project. Pension Taxation Proposals. Charles McCready, TSIP Programme Director

Consultation on Pensions Tax Relief. Savings and Investments Policy project. Pension Taxation Proposals. Charles McCready, TSIP Programme Director Cnsultatin n Pensins Tax Relief Savings and Investments Plicy prject Pensin Taxatin Prpsals Charles McCready, TSIP Prgramme Directr Overview The taxatin prpsals have been develped by members f the TSIP

More information

Loan Repayment Planning Worksheet

Loan Repayment Planning Worksheet Lan Repayment Planning Wrksheet Date: Think f yur federal student lans as yur EDUCATION MORTGAGE. It is the financing yu ve brrwed t make this imprtant investment in yurself. The gd news is that this mrtgage

More information

We will record and prepare documents based off the information presented

We will record and prepare documents based off the information presented Dear Client: We appreciate the pprtunity f wrking with yu regarding yur Payrll needs. T ensure a cmplete understanding between us, we are setting frth the pertinent infrmatin abut the services that we

More information

Fixed vs. Variable Interest Rates

Fixed vs. Variable Interest Rates Fixed vs. Variable Interest Rates Understanding the Advantages and Disadvantages f Each Rate Type When shpping fr financial prducts, there are a lt f factrs t cnsider. Much has changed in the financial

More information

LOUISIANA TECH UNIVERSITY Division of Student Financial Aid Post Office Box 7925 Ruston, LA 71272

LOUISIANA TECH UNIVERSITY Division of Student Financial Aid Post Office Box 7925 Ruston, LA 71272 LOUISIANA TECH UNIVERSITY Divisin f Student Financial Aid Pst Office Bx 7925 Rustn, LA 71272 Dear Financial Aid Applicant, Accrding t yur 2011-2012 Student Aid Reprt (SAR), yu did nt include any parental

More information

Identification and Valuation of Retirement Plans

Identification and Valuation of Retirement Plans Identificatin and Valuatin f Retirement Plans By Drthy A. Vigt dvigt@sdflaw.cm Article riginally appeared in the September 2010 Issue f Kane Cunty Bar Assciatin Bar Briefs What des a divrce attrney need

More information

RE: Notice 2015-16 - Excise Tax on High Cost Employer-Sponsored Health Coverage

RE: Notice 2015-16 - Excise Tax on High Cost Employer-Sponsored Health Coverage Richard Stver, FSA, MAAA Principal and Cnsulting Actuary Knwledge Resurce Center May 15, 2015 Submitted electrnically via http://regulatins.gv/ Buck Cnsultants, LLC. 500 Plaza Drive Secaucus, NJ 07096

More information

Insurance Toolkit for Landcare Groups in NSW P a g e 1

Insurance Toolkit for Landcare Groups in NSW P a g e 1 Insurance Tlkit fr Landcare Grups in NSW P a g e 1 FOREWARD This tlkit has been prepared t prvide guidance n insurance issues relating t Landcare grups in New Suth Wales. This kit is nt regarded as legal

More information

Valuation Analysis: The Role of the Expert in Litigation

Valuation Analysis: The Role of the Expert in Litigation Valuatin Analysis: The Rle f the Expert in Litigatin In cmmercial litigatin the valuatin expert must balance varying methds and the use f judgment in delivering an ptimal result and then must be prepared

More information

Conversations of Performance Management

Conversations of Performance Management Cnversatins f Perfrmance Management Perfrmance Management at Ohi State The Secnd Cnversatin ~ Develpment 2011 The Ohi State University Office f Human Resurces Cntents Intrductin Welcme t Develping Emplyees...

More information

Are Insurance Premiums Deductible?

Are Insurance Premiums Deductible? Are Insurance Premiums Deductible? December 2011 Can I deduct the premiums? That s a questin yu prbably hear when yu re presenting an insurance cncept. Unfrtunately, the answer is generally n insurance

More information

10 th May 2010. Dear Peter, Re: Audit Quality in Australia: A Strategic Review

10 th May 2010. Dear Peter, Re: Audit Quality in Australia: A Strategic Review 10 th May 2010 Mr. Peter Levy Audit Quality Strategic Review Crpratins and Financial Services Divisin The Treasury Langtn Crescent PARKES ACT 2600 Dear Peter, Re: Audit Quality in Australia: A Strategic

More information

Understanding Federal Direct Consolidation Loans. 2012 Spring MASFAA Conference

Understanding Federal Direct Consolidation Loans. 2012 Spring MASFAA Conference Understanding Federal Direct Cnslidatin Lans 2012 Spring MASFAA Cnference UNDERSTANDING FEDERAL DIRECT & SPECIAL CONSOLIDATION LOANS Amy M. Mser, Reginal Directr Nelnet Educatin Lan Services 2 Nelnet Educatin

More information

Claim Cost Drivers A First Look

Claim Cost Drivers A First Look Claim Cst Drivers A First Lk Nvember 17, 2011 Three ways t think abut high High ttal Ttal primarily include medical treatment and wage replacement High Days away frm wrk cntribute t bth direct and indirect

More information

Grant Makers Income Security Task Force Chicago, Illinois September 2010

Grant Makers Income Security Task Force Chicago, Illinois September 2010 Wage Theft and ther wrkplace abuses: Injury at wrk: Grant Makers Incme Security Task Frce Chicag, Illinis September 2010 Lw-incme Illinisans literally wrking their way int pverty. Illinis Gvernr s Panel

More information

Privacy Breach and Complaint Protocol

Privacy Breach and Complaint Protocol Privacy Breach and Cmplaint Prtcl Effective: December 31, 2012 Apprved by: Le McKenna, CFO 1.0 General Privacy breaches and privacy cmplaints will be handled in accrdance with this prtcl. This prtcl is

More information

SETTING UP A SYNDICATE SERVICE COMPANY IN HONG KONG

SETTING UP A SYNDICATE SERVICE COMPANY IN HONG KONG SETTING UP A SYNDICATE SERVICE COMPANY IN HONG KONG 2012 2 Disclaimer This is fr reference nly and is nt cnsidered t be legal advice. Whilst all care has been taken t ensure the accuracy f the infrmatin

More information

Enterprise Investment Scheme. Tax efficiency for investors

Enterprise Investment Scheme. Tax efficiency for investors Enterprise Investment Scheme Tax efficiency fr investrs Intrductin Welcme t Keyntes. Keyntes is a mnthly event and publicatin t help early stage businesses get t grips with key legal issues. A bit abut

More information

New 3.8% Medicare Tax on "Unearned" Net Investment Income

New 3.8% Medicare Tax on Unearned Net Investment Income New 3.8% Medicare Tax n "Unearned" Net Investment Incme Net investment incme- Incme received frm investment assets such as bnds, stcks, mutual funds, lans and ther investments Capital gain- When a capital

More information

Pay Strategy for Country- Appointed Staff

Pay Strategy for Country- Appointed Staff Pay Strategy fr Cuntry- Appinted Staff Cntents Overview...3 Audience...3 Respnsibilities...3 Glssary...3 Crprate pay philsphy...3 Plicy...4 Perfrmance-related pay...5 Cmmunicating pay infrmatin t staff...5

More information

WHAT SHOULD I LOOK FOR WHEN I BUY HEALTH INSURANCE?

WHAT SHOULD I LOOK FOR WHEN I BUY HEALTH INSURANCE? WHAT SHOULD I LOOK FOR WHEN I BUY HEALTH INSURANCE? The Maine Bureau f Insurance 34 State Huse Statin Augusta, Maine 04333 207-624-8475 r 1-800-300-5000 (in Maine) http://www.maine.gv/pfr/insurance Paul

More information

PROPOSAL SUMMARY. The Boeing Company

PROPOSAL SUMMARY. The Boeing Company PROPOSAL SUMMARY The Being Cmpany Emplyees Represented by Sciety f Prfessinal Engineering Emplyees in Aerspace (SPEEA), Prfessinal and Technical Units January 8, 2016 ACTIVE MEDICAL, DENTAL, AND INSURANCE

More information

Budget Workbook. $ Live within your income. $ Realize personal more effectively. $ Develop economic competence and confidence goals

Budget Workbook. $ Live within your income. $ Realize personal more effectively. $ Develop economic competence and confidence goals Budget Wrkbk This budget wrkbk was cmpiled t help yu find a simple and practical guide fr managing yur mney. Mney management abilities can have a great effect n the degree f satisfactin we gain frm life.

More information

Insurance Frequently Asked Questions

Insurance Frequently Asked Questions Insurance FrequentlyAskedQuestins MEMBERSINSURANCECOVERAGE Whataremembers(bthcmpetitinandrecreatin)cveredfr? Pleaseseetheattachedflyer Isthereadifferencebetweenarecreatinalmemberandcmpetitinmember? N Frmwhatagetwhatagearememberscveredbyinsurance?

More information

Findings on Health Care Cost, Pricing and Reimbursement in Alaska 1 Excerpted from Annual Reports of the Alaska Health Care Commission

Findings on Health Care Cost, Pricing and Reimbursement in Alaska 1 Excerpted from Annual Reports of the Alaska Health Care Commission Findings n Health Care Cst, Pricing and Reimbursement in Alaska 1 Excerpted frm Annual Reprts f the Alaska Health Care Cmmissin 2011 Findings n Cst f Health Care in Alaska (2011 Annual Reprt) i Health

More information

Health Savings Accounts (HSAs) Distribution Rules

Health Savings Accounts (HSAs) Distribution Rules Brught t yu by Haylr, Freyer & Cn, Inc. Health Savings Accunts (HSAs) Distributin Rules A Health Savings Accunt (HSA) is a trust r accunt used t pay medical expenses that a high deductible health plan

More information

Application for 477 Services

Application for 477 Services An Indian Rerganizatin Act Village Under Act f Cngress June 15 th, 1935 32 Chilkat Ave. Klukwan, Alaska 99827 HC60 Bx 2207 Haines, Alaska 99827 Phne: 907-767-5505 Fax: 907-767-5408 klukwan@chilkat-nsn.gv

More information

I. POLICY. their individual assets.

I. POLICY. their individual assets. PRINCIPLES AND PRACTICES BOARD SAMPLE 501(c)(3) HOSPITAL CHARITY CARE AND FINANCIAL ASSISTANCE POLICY AND PROCEDURES The Principles and Practices Bard (P&P Bard) undertk develping an illustrative plicy

More information

To discuss Chapter 13 bankruptcy questions with our bankruptcy attorney, please call us or fill out a Free Evaluation form on our website.

To discuss Chapter 13 bankruptcy questions with our bankruptcy attorney, please call us or fill out a Free Evaluation form on our website. Intrductin This Ebk fcuses n Chapter 13 bankruptcy, hw it wrks, and hw it helps yu eliminate debt and keep yur assets (such as yur hme). We hpe yu find this infrmatin t be helpful. T discuss Chapter 13

More information

MONTHLY PREMIUM OPTIONS

MONTHLY PREMIUM OPTIONS GROUP FUNERAL SCHEME BROKERS FSP35033 TEL: (021) 919 1861 VOX: 087 808 3007 FAX: (021) 9195072 / 086 628 0359 Email: inf@insurancepartners.c.za Web: www.insurancepartners.c.za Up t R20000 fr all persns

More information

Our ref: Accident Compensation / Tort Law Committee 22 March 2013. OPERATION OF QUEENSLAND S WORKERS COMPENSATION SCHEME Additional Submission

Our ref: Accident Compensation / Tort Law Committee 22 March 2013. OPERATION OF QUEENSLAND S WORKERS COMPENSATION SCHEME Additional Submission Our ref: Accident Cmpensatin / Trt Law Cmmittee 22 March 2013 The Research Directr Finance and Administratin Cmmittee Parliament Huse Gerge Street BRISBANE QLD 4000 Dear Research Directr By email: fac@parliament.qld.gv.au

More information

SHARED RISK PLAN FOR CUPE EMPLOYEES OF NEW BRUNSWICK HOSPITALS

SHARED RISK PLAN FOR CUPE EMPLOYEES OF NEW BRUNSWICK HOSPITALS SHARED RISK PLAN FOR CUPE EMPLOYEES OF NEW BRUNSWICK HOSPITALS Pensins and Emplyee Benefits Divisin Department f Human Resurces www.gnb.ca/pensins May 2014 Shared Risk Plan fr CUPE Emplyees f New Brunswick

More information

The Ohio Board of Regents Credit When It s Due process identifies students who

The Ohio Board of Regents Credit When It s Due process identifies students who Credit When It s Due/ Reverse Transfer FAQ fr students Ohi is participating in a natinal grant initiative, Credit When It s Due, designed t implement reverse-transfer, which is a prcess t award assciate

More information

Estimating Damages in Personal Injury Cases

Estimating Damages in Personal Injury Cases Estimating Damages in Persnal Injury Cases Presented t the Tuscalsa cunty Bar Assciatin December 11, 2015 Presented by Rbert W. McLed, Ph.D., CFA, CFP, CLU, CVA Financial Ecnmics Cnsulting Grup, Inc. Admissibility

More information

Repeat workers compensation claims: risk factors, costs and work disability Dr Rasa Ruseckaite & Dr Alex Collie

Repeat workers compensation claims: risk factors, costs and work disability Dr Rasa Ruseckaite & Dr Alex Collie Repeat wrkers cmpensatin claims: risk factrs, csts and wrk disability Dr Rasa Ruseckaite & Dr Alex Cllie Institute fr Safety, Cmpensatin and Recvery Research Why lk at repeat claims? Why lk at repeat claims?

More information

Duration of job. Context and environment: (e.g. dept description, region description, organogram)

Duration of job. Context and environment: (e.g. dept description, region description, organogram) Rle Prfile Jb Descriptin Jb Title Ref n: Prgramme Manager, Services fr Internatinal Educatin Marketing Directrate r Regin East Asia Department/Cuntry Indnesia Lcatin f pst Jakarta Pay Band G Reprts t Senir

More information

Fiscal Operation of Service Centers

Fiscal Operation of Service Centers Oregn University System Fiscal Plicy Manual Fiscal Operatin f Service Centers Sectin: Accunting and Financial Reprting Number: 05.713 Title: Fiscal Operatin f Service Centers Index POLICY.100 POLICY STATEMENT.110

More information

Economic Justification: Measuring Return on Investment (ROI) and Cost Benefit Analysis (CBA)

Economic Justification: Measuring Return on Investment (ROI) and Cost Benefit Analysis (CBA) Advancing Statewide Spatial Data Infrastructures in Supprt f the Natinal Spatial Data Infrastructure (NSDI) Ecnmic Justificatin: Measuring Return n Investment (ROI) and Cst Benefit Analysis (CBA) Intrductin

More information

Business Plan Overview

Business Plan Overview Business Plan Overview Organizatin and Cntent Summary A business plan is a descriptin f yur business, including yur prduct yur market, yur peple and yur financing needs. Yu shuld cnsider that a well prepared

More information

australian nursing federation

australian nursing federation australian nursing federatin Submissin t the public cnsultatin n the Nursing and Midwifery Bard f Australia draft Guidelines fr prfessinal indemnity insurance arrangements fr nurses and nurse practitiners

More information

UNIVERSITY OF CALIFORNIA MERCED PERFORMANCE MANAGEMENT GUIDELINES

UNIVERSITY OF CALIFORNIA MERCED PERFORMANCE MANAGEMENT GUIDELINES UNIVERSITY OF CALIFORNIA MERCED PERFORMANCE MANAGEMENT GUIDELINES REFERENCES AND RELATED POLICIES A. UC PPSM 2 -Definitin f Terms B. UC PPSM 12 -Nndiscriminatin in Emplyment C. UC PPSM 14 -Affirmative

More information