Sentences with phrase «rating rewards employers»
Experience rating rewards employers who reduce their claims costs.
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The new pension plan would have progressive contribution rates between 4 percent and 6 percent with shared risk / reward for employees and employers to account for market volatility.
Employers would no longer be rewarded with an annual lump sum premium rebate or levied a lump sum surcharge, but would rather see an opportunity to use a consistent improvement in performance from year to year to move into lower risk bands and lower premium rates.