Employer of Record Change in Insurance Multiplier Rate
From: Knuth, David - DWD
Sent: Monday, November 30, 2015 4:32 PM
To: DWD DL DVR All
Subject - Employer of Record Change in Insurance Multiplier Rate - Effective December 1, 2015
- December 1, 2015.
- DVR Senior Leadership Team – November 2015.
- Insurance Multiplier Rate of 1.166.
Why is this change being made?
Opportunities Inc. experienced an increase in workers compensation rates and in order to compensate for the difference the insurance multiplier for Internship/Temporary Employment wages will be increased from 1.166 to 1.17.
Beginning December 1, 2015 DVR staff will need to use the insurance multiplier rate of 1.17 when completing authorizations and purchase orders (Line #1 Total of hours X (wages X 1.17-insurance multiplier) =Total for Line 1 for Internship/Temporary Employment wages.
Line 2: Per person set-up fee remains at $70.79.
New purchase orders entered 12/1/15 or after should be entered at the new rate. Purchase orders that have already been issued at the 1.166 rate for services beginning on 12/1/15 or after do not need to be adjusted. If a new PO is issued using the old rate, CCP will request a change order since multiple payments are made against the PO and the rate affects every payment.