POLICY NUMBER: 3. 6. 2

Effective Date: February 1, 1996
Date Issued: December 15, 1995
Date Approved by Board of Directors: March 2, 1995
Topic: Annual Reporting of Amount in Annuity Accounts
Section: Short-Term and Long-Term Benefits
Subsection: Annuities

Policy Statement

1. When a person is eligible to have an annuity reserved on their behalf (i.e. contributions are being made to an annuity account) a report shall be made to that person on an annual basis which describes

a) the accumulated principal, to date;

b) the accumulated interest, from prior years; and

c) the current year's interest.

Application

This Policy applies to workers injured on or after March 23, 1990.

References

Workers' Compensation Act (Chapter 10, Acts of 1994 - 95), Section 50.