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2008 SCHOLARSHIP AWARD WINNERS The winner of the 2008 NYSAEC Annual Scholarship Award is Alexandria J. Avanzato, and the winner of the 2008 NYSAEC Scholarship Fund Award is Jessica Lynn Sass. Avanzato of member firm Ray S. Pantel, Inc., will be attending Syracuse University in the fall to pursue a Bachelor's Degree in Chemical Engineering, with a minor in Electrical Engineering. Sass of member firm J&J Sass Electric, Inc., will attend Albany College of Pharmacy, and her goal is to pursue the six-year Doctor of Pharmacy program. There are two annual scholarships offered by the State Association, each valued at $4,000 ($1,000 per year for a maximum of four years). The program is open to the children and grand children of owners and management employees of member firms in good standing. Congratulations to this year's winners, and best of luck to all our college bound applicants.
WINTER MEETING !! Saturday January 24 - Wednesday January 28, 2009 An Association first! We have negotiated an all-inclusive package with the Occidental Grand Resort in Aruba. The package includes room, all meals, alcoholic and non-alcoholic beverages, snacks, activities such as snorkeling, all taxes and gratuities. The hotel is situated right in the heart of the fabulous Palm Beach. The all-inclusive group rate is $298 per person per night. Children 2 - 12 are $149. Reservation forms will be mailed soon. The deadline will be earlier this year due to the all-inclusive arrangements. Watch for airline rates and availability NOW!!
WORKERS' COMPENSATION RATES REVISED NY State Moves to Loss Cost Rating The NY Compensation Rating Board has announced an average "loss cost level" rate decrease of 6.4% effective with policies renewing October 1, 2008 and after. Changes to individual classification codes will vary based upon industry experience. The NYS Assessment charge will also be reduced from 15.5% of premium to 13.4%. A new system of rating now involves the calculation of just the loss component of rates, and each industry classification will have a state determined loss cost. Carrier profit and overhead are no longer contained within the manual rates calculated by the state, rather each carrier will file a "loss cost multiplier". The loss cost rate, multiplied by the loss cost multiplier will yield the total rate charged by the carrier. Each carrier's final rates will vary based upon their approved multiplier. The new "Loss Cost" rate for Code 5190- Electrical Wiring is 4.01, a 12.3% reduction from the current rate. The "Loss Cost" rate for Code 5191- Low Voltage is 1.00, a reduction of 10.4%. The Association's workers' compensation group will be incorporating this new rate structure upon renewal. If you would like further information on Workers' Compensation rates and reforms or a quote from the Association's Workers' Compensation Group, contact Jay Mangione at the Association office. PROPERTY & LIABILITY GROUP CONTINUES TO GROW Interest running high in this members only program!! The State Association has partnered with Harleysville Insurance Company and Cool Insuring Agency to offer a property and liability group. The program is tailored to specifically address electrical contractor coverage issues, and offers an additional discount for State Association members. Those currently insured with Harleysville should speak with their broker to learn of the additional benefits and savings available through the group. Quotes and further information may be obtained by visiting electrical contractors group.
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The New York State
Association of Electrical Contractors 
MISSION STATEMENT: The New York State Association of Electrical Contractors, founded in 1899, is dedicated to promoting the exchange of information and ideas, fostering of business relationships and networking opportunities, development of group business and insurance programs, and the advancement of State legislative interests common among all member firms in the electrical contracting and related industries.
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