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History of Retro
Since 1980, Washington State has allowed qualifying employers to receive
refunds on their Workers' Compensation premiums through the Retrospective
Rating Program. WMC assists businesses in preventing on-the-job injuries,
and, when injuries occur, WMC helps businesses manage claims to ensure employees
are able to return to work as quickly as possible. This results in lower
premiums and higher refunds under the Retro program.
Qualifying for a Retro Refund
WMC members qualify for Retro Refunds when premiums paid to L&I exceed the
losses incurred due to injured workers' claims. Over the last 5 years the WMC group refund has averaged
over 30.7%. Additionally, through our merit rated distribution plan, some
companies have earned as much as a 54% return on their workers comp premiums.
Many members' premiums have been reduced by an average of 25%.
The Power of Pooling
Members of WMC represent some of the most safety-conscious enterprises in
the state. The result of "pooling" with other like-minded businesses is
less exposure to large claims and greater refunds for members. According
to L&I, "employers in group retro (on the whole) have outperformed those
enrolled on their own."
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