For fiscal year ending August 31, 2009, claims to contributions (loss ratio) is approximately 95%. Taking into account cost of administration, the net results for the fund is (-) $69,036,559. With established reserves, the net balance of the fund is estimated to be $ 486,766,302.
Claim costs pmpy has increased from $3,361 to $3,527 over the prior year, representing a +4.5%.
We expect a modest rate increase to the fund. This should be announced in March 2010 by the TRS ActiveCare Board of Directors.