December 12th, 2012|
December 12, 2012
In these troubled financial times, Parma, a large suburb outside of Cleveland, Ohio, is finding ways to reduce the school district’s budget, and one of the cuts is to the workers’ compensation program, reports the Plain Dealer.
Five years ago the district spent more than $1.6 million on workers’ compensation premiums. Now it spends less than $400,000.
“The $400,000 also includes the direct payment of claims. Our actual premium is less than $300,000 a year,” the Chief Financial Officer said.
The district’s decision to self-insure its program and its participation in a Workers’ Compensation Retrospective Rating Plan, which includes hiring the right people to help put the plan together, are two reasons that their workers’ compensation costs are going down.
The school board has a $4,500 contract with Safety Controls Technology (SCT) for 2013. It will be the second year in a row for the company to help formulate and implement a 10-step business plan for schools’ safety.
The plan is required for the district to reduce workers’ compensation costs and to remain self-insured. It calls for use of appropriate shoes and equipment in the classrooms, such as using a stepladder instead of climbing on a desk or chair to reach things.