83Determination of amounts to be contributed to LTCS fund

83 Determination of amounts to be contributed to LTCS fund (1) Before the beginning of each contribution period relating to motor accident injuries, the LTCS commissioner must determine, in writing, the amount needed to be contributed to the LTCS fund in the contribution period (the required fund contribution for motor accident injuries)— relation to people who become participants in the scheme because of motor accident injuries suffered during the contribution period (other than people in relation to whom section 83A applies); and than payments under part 6) during the contribution period; and (2) Before the beginning of each contribution period relating to work injuries, the LTCS commissioner must determine, in writing, the amount needed to be contributed to the LTCS fund in the contribution period (the required fund contribution for work injuries)— relation to people who become participants in the scheme because of work injuries suffered during the contribution period; and than payments under part 6) during the contribution period; and

(3) The amount needed to fully fund the present and likely future liability of the LTCS commissioner under part 6 is an amount sufficient to provide an amount of money that together with anticipated investment income is equal to the best estimate of the cost of meeting the liability (in inflated dollars) when the liability becomes payable. (4) The LTCS commissioner’s determination of the required fund contribution for motor accident injuries or work injuries for a contribution period must be made in accordance with the report of an independent actuary.