Estimated savings for the BCRDL scheme
Please note - this calculation is only intended as an illustration of
the magnitude of savings that the specialised software developed by
Workflow Consulting Limited has allowed for the
British Coal Respiratory Disease Litigation scheme - it is not intended
as a precise calculation, merely to show how significant savings can be
when applied to "mass" schemes.
Information used for calculations
| National minimum wage (£ per hour) |
£5.05 |
|
| National average wage (£ per hour) |
£12.50 |
|
| Number of COPD claims |
580,000 |
|
| Proportion of claims involving pension loss |
50% |
(assumption) |
| Savings in processing time for Dust
Calculator |
97% |
(from report) |
| Savings in processing time for Pension
Calculator |
90% |
(from report) |
Dust Calculator
|
Now |
Before |
Saving |
| Time for calculation (minutes) |
3 |
100 |
97 |
| Time for all calculations (minutes) |
1,740,000 |
58,000,000 |
56,260,000 |
| Time for all calculations (hours) |
29,000 |
966,667 |
937,667 |
| Minimum cost of calculations |
£146,450 |
£4,881,667 |
£4,735,217 |
| Likely cost of calculations |
£362,500 |
£12,083,333 |
£11,720,833 |
Pension Loss Calculator
|
Now |
Before |
Saving |
| Time for calculation (minutes) |
5 |
50 |
45 |
| Time for all calculations (minutes) |
1,450,000 |
14,500,000 |
13,050,000 |
| Time for all calculations (hours) |
24,167 |
241,667 |
217,500 |
| Minimum cost of calculations |
£122,042 |
£1,220,417 |
£1,098,375 |
| Likely cost of calculations |
£302,083 |
3,020,833 |
£2,718,750 |
Total Savings
| Total minimum saving |
£5,833,592 |
| Total likely saving |
£14,439,583 |
