Item 86 | First Year - FY2005 | Second Year - FY2006 |
|---|
|
|
| Investment, Trust, and Insurance Services (72500) | $777,042 | $807,893 |
| Insurance Services (72502) | FY2005 $777,042 | FY2006 $807,893 |
| Fund Sources: | | |
| Trust and Agency | FY2005 $777,042 | FY2006 $807,893 |
Authority: Discretionary Inclusion
A. The Department of Human Resource Management shall take into account the claims experience of each agency and institution when setting premiums for the workers’ compensation program.
B. The Department of Human Resource Management shall report to the Governor and Chairmen of the House Appropriations and Senate Finance Committees by September 1, 2005 its recommended workers’ compensation premiums for state agencies for the following biennium. This report shall also include the basis for the department’s recommendations, the number and amount of workers’ compensation settlements concluded in the previous fiscal year, and the impact of those settlements on the workers’ compensation program’s reserves.