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


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Average Calculated Base Assessment greater than $500,000 and less than $1,000,000

Employer Profile: Nursing Home – assessable payroll between $9,000,000 and $10,500,000 per year for 2006 to 2008 – average calculated base assessment of $593,298.

Maximum Rule: Since the previous year refund/charge percent for this nursing home is a 32.7% 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
$130,877.42 32.7% Charge $145,618.04 $218,427.04 2.5% Refund $14,740.62 Refund
$210,877.61 32.7% Charge $145,618.04 $218,427.04 0.0% Refund/Charge 0.0% Refund/Charge
$499,762.74 32.7% Charge $145,618.04 $218,427.04 47.4% Charge $281,335.70 Charge