Workplace Health, Safety & Compensation Commission of Newfoundland and Labrador 
Sample PRIME calcuations for 2008


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Average Calculated Base Assessment greater than $25,000 and less than $50,000

Employer Profile: Car Dealership – assessable payroll between $2,300,000 and $2,700,000 per year for 2006 to 2008 – average calculated base assessment of $42,849.

Maximum Rule: Since the previous year refund/charge percent for this car dealership is a 12.4% charge, the current year experience percent cannot put the employer in a position that is more than 20% worse than the previous year.

PRIME Cost Previous Year
Refund/Charge Percent

 
Bottom of Experience Incentive Range Top of Experience Incentive Range Experience Refund or Charge Percent Applied to Account Experience Refund or Charge Amount Applied to Account
$8,586.49 12.4% Charge $10,267.24 $15,947.00 3.9% Refund $1,680.75 Refund
$15,555.46 12.4% Charge $10,267.24 $15,947.00 0.0% Refund/Charge $0.00 Refund/Charge
$24,856.92 12.4% Charge $10,267.24 $15,947.00 20.8% Charge $8,909.92 Charge

Greater than $50,000 and Less than $100,000