Laserfiche WebLink
• <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />i <br /> <br /> <br /> <br /> <br /> <br />EXHIBIT C <br />1985/86 Plan Year Projections <br />Current Benefits Proposed Benefits <br />Paid Claims (1984/85) $331,695. <br />Trend for Inflation + 17% <br />388,083. *$326,378. <br />Expenses <br />Aggregate Stop Loss Premium $ 7,500. $ 7,500. <br />Individual Stop Loss Premium $ 28,524. $ 28,524. <br />Administration & Consulting $ 17,464. $ 14,678. <br />Miscellaneous $ 1,000. $ 1,000. <br />Cash Flow $442,571. $378,080. <br />**Increase in Reserve Requirement $ 22,175. $ 9,277. <br />Total Contribution Needed $464,746. $387,357. <br />Contributions at Current Level $490,548. $490,548. <br />Plan Loss Ratio 95% 79% <br />Surplus for 85/86 $ 25,802. $103,191. <br />*This total represents a 15.9% reduction in expected claims for plan <br />design changes. (see Exhi bit B). <br />**Reserves for Incurred but unreported claims. <br /> Current Proposed <br /> Benefits Benefits <br />Estimated reserve needed as of 3/31/86 - 88,514 75,616 <br />Estimated reserve needed as of 3/31/85 - $66,339 $66,339 <br /> $22,175 $ 9,277 <br />~IT1E5 BEr1E'f~5 <br />