This chapter discusses how to set up the Accident Rehabilitation and Compensation Insurance (ARCI) table.
To set up the ARCI table, use the Class Units NZL(CLS_UNT_TBL_NZL) component.
ARCI is administered by the Accident Rehabilitation and Compensation Corporation, which regulates and administers a no-fault workers compensation plan. The codes in the ARCI table are used on the Company Table - Default Settings page. These codes identify an organization's employment risk level and provide the basis for determining the premium amounts paid to ARCI.
Note. The PeopleSoft system provides the standard classification units for ARCI.
This section discusses how to create or modify classification units.
Page Name |
Definition Name |
Navigation |
Usage |
CLS_UNT_TBL_NZL |
Set Up HRMS, Product Related, Workforce Monitoring, Regulatory Requirements, Class Units NZL, Class Units NZL |
Create or modify the classification units used to calculate ARCI premiums. |
Access the Class Units NZL page (Set Up HRMS, Product Related, Workforce Monitoring, Regulatory Requirements, Class Units NZL, Class Units NZL).
ERP Rate (employment risk premium rate) |
Enter the rate based on the industry and the level of risk associated with that industry. The government provides these rates as set by regulation. |