Annual Contribution

Annual contributions, which provide the pool with necessary resources for the defense and payment of claims, are calculated based on an actuarial study of member claim experience. In addition to funding the direct cost of claims, annual contributions provide funding for excess and reinsurance premiums, claim administration fees, broker fees, operating expenses, and all other costs associated with the coverage programs. The total funding requirement is allocated to individual members using loss experience and payroll. Annual contributions for 2019-20 were approved by the Executive Committee at its November 14, 2018 meeting.