Wash. Admin. Code § 296-15-229 - Self-insurance supplemental pension fund (SPF) and asbestosis fund assessments
(1) The SPF
relieves employers from cost-of-living increases on benefits paid to workers.
The SPF assessment is paid quarterly at the same time a self-insurer submits
its quarterly report.
(a) The SPF rate is
determined annually for each calendar year.
(b) The total SPF assessment due each quarter
is calculated by multiplying the SPF assessment rate by a self-insurer's worker
hours during that quarter.
(c)
One-half of the SPF assessment may be withheld from employee wages or
salaries.
(d) Self-insurers may
request reimbursement from the SPF quarterly, as authorized under Title 51 RCW,
or they may deduct eligible SPF reimbursement amounts directly from their
quarterly SPF assessment. If requesting reimbursement from the SPF quarterly,
the self-insurer must use a form substantially similar to L&I form
F207-011-000 or, if there is Social Security offset, L&I form
F207-011-222.
(2) The
asbestosis fund provides benefits to workers who have been diagnosed with an
industrially related asbestosis condition during the often lengthy process of
determining the liable employer. The asbestosis fund assessment is paid
quarterly at the same time a self-insurer submits its quarterly report.
(a) The asbestosis fund assessment rate is
determined annually for each calendar year.
(b) The total asbestosis fund assessment due
each quarter is calculated by multiplying the asbestosis fund assessment rate
by a self-insurer's worker hours during that quarter.
(c) One-half of the asbestosis fund
assessment may be withheld from employee wages or salaries.
Notes
Statutory Authority: RCW 51.14.077, 51.14.150, 51.14.160, 51.44.040, 51.44.070, and 51.44.150. 09-13-018, § 296-15-229, filed 6/5/09, effective 7/6/09.
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.