The regular benefits in the projection year are equal to the prior year’s regular benefits times the yearly growth in potential claimants, the yearly growth in average annual benefits and the yearly growth in the ratio of potential claimants receiving benefits.
The yearly growth in potential claimants is calculated as the ratio of the number of potential claimants in the projection year to the prior year’s number of potential claimants.
The yearly growth in average benefits is calculated as the ratio of the number of weeks in the projection year to the previous year’s number of weeks, multiplied by the ratio of the average weekly benefits in the projection year to the previous year’s average weekly benefits.
The yearly growth in the ratio of potential claimants receiving benefits is equal to the recipiency rate in the projection year, divided by the previous year’s recipiency rate.
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