oregon 139402 640

Quick Hits: Oregon Assessment Rates

24 Feb, 2024 Frank Ferreri

oregon 139402 640
                               

Eugene, OR (WorkersCompensation.com) -- Need a handy guide to assessment rates in Oregon? Look no further.

Method

Each pay period, an employer must retain from the moneys earned by each employee an amount equal to one-half (1/2) the assessment rate multiplied by the number of hours or parts of an hour the employee worked in that pay period.

If actual hours worked are not tracked, an employer may either calculate the assessments using a flat rate, use contract information stating the number of hours an employee works, or use another reasonable method for calculating hours worked. If the flat rate method is used, the calculation must be based on 40 hours per week for employees paid weekly or biweekly, or 173.33 hours per month for employees paid monthly or semi-monthly.

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If the amount to be retained from an employee under this section includes a fraction of a cent, the employer must round up or down as follows:

(A) For amounts greater than or equal to one-half (1/2) of a cent, the employer must round up to the nearest whole cent.
(B) For amounts less than one-half (1/2) of a cent, the employer must round down to the nearest whole cent.

Determining the Rate

The assessment owed by an employer must be calculated using the method above and based on a rate of 2.0 cents per hour.

Factors considered by the director in developing the rate include, but are not limited to:

+ The estimated annual fund expenditures and revenues;
+ The fund balance requirements;
+ The estimated annual hours worked per employee;
+ The estimated number of employees covered by workers’ compensation insurance; and
+ Other records relating to fund expenditures and revenues.


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    About The Author

    • Frank Ferreri

      Frank Ferreri, M.A., J.D. covers workers' compensation legal issues. He has published books, articles, and other material on multiple areas of employment, insurance, and disability law. Frank received his master's degree from the University of South Florida and juris doctor from the University of Florida Levin College of Law.

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