• Date Due: January 11, 2023
  • Author: Virginia Workers' Compensation Commission
  • Enabling Authority: House Joint Resolution 11 (Regular Session, 2022)
  • Description:
    Report of the findings and recommendations on the study of: (i) the actuarial basis of the practice of charging workers' compensation premiums on bonus pay, vacations, and holidays; (ii) the extent to which any other states have imposed limitations on this practice, and the justifications therefor; (iii) the amounts of such premiums assessed toward bonus pay, vacation time, or holiday time; (iv) the effect that any limitations on this practice would have on rate adequacy, other aspects of the workers' compensation insurance marketplace, the general fund of the state treasury, and the administrative fund of the Workers' Compensation Act; and (v) whether the objectives of the Workers' Compensation Act would best be served by imposing any limitations on the practice of charging workers' compensation premiums on bonus pay, vacation time, or holiday time.