Agency: Labor Commission Line Item: Employers Reinsurance Fund Function The Employers' Reinsurance Fund (ERF) makes payments for industrial accidents or occupational diseases occurring on or before June 30, 1994. Administrative costs may be paid from the fund, but unrelated expenses are not allowed.
Revenues come from a 3.5% surcharge on employers' Workers' Compensation premiums collected by the State Tax Commission. It is expected that the ERF will be fully funded to meet all of its liabilities by 2015. Statutory Authority See UCA 34A-2-702. Funding Detail | Sources of Finance | 2007
Actual | 2008
Actual | 2009
Actual | 2010
Actual | 2011
Approp | | Dedicated Credits Revenue | $0 | $2,264,600 | $48,250,000 | $0 | $0 | | Trust and Agency Funds | $0 | $50,582,800 | $0 | $0 | $0 | | Employers' Reinsurance Fund | $0 | $0 | $0 | $50,985,100 | $2,500,000 | | Premium Tax Collections | $0 | $0 | $0 | $0 | $45,750,000 | | Transfers | $0 | $0 | $0 | ($6,005,000) | $0 | | Total | $0 | $52,847,400 | $48,250,000 | $44,980,100 | $48,250,000 |
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| | Programs: | 2007
Actual | 2008
Actual | 2009
Actual | 2010
Actual | 2011
Approp | | Employers Reinsurance Fund | $0 | $52,847,400 | $48,250,000 | $44,980,100 | $48,250,000 | | Total | $0 | $52,847,400 | $48,250,000 | $44,980,100 | $48,250,000 |
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| | Categories of Expenditure | 2007
Actual | 2008
Actual | 2009
Actual | 2010
Actual | 2011
Approp | | Current Expense | $0 | $156,800 | $200,000 | $28,272,900 | $200,000 | | DP Current Expense | $0 | $0 | $0 | $200 | $0 | | Other Charges/Pass Thru | $0 | $52,690,600 | $48,050,000 | $16,707,000 | $48,050,000 | | Total | $0 | $52,847,400 | $48,250,000 | $44,980,100 | $48,250,000 |
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Subcommittee Table of Contents |