The Compensation Experience Rating Plan-A Current Review

More than twenty years ago, Mr. Perryman contributed his tremendous work on “Experience Rating Plan Credibilities.” (Proceedings XXIV) Shortly there after, Mr. Smick described the new plan, comparing it to the old and providing the various formulae used, and then in 1941 Mr. Johnson set down some oddities observed in calculating the original New York values, suggesting improvements. Subsequent to this wealth of material, our Proceedings contain nothing, evidence of a job well done and of little trouble with the plan's application.