May 22, 2018

OR WCD Proposes 2018 Workers’ Comp Premium Assessment Rates

Salem, OR – Each year, the Department of Consumer and Business Services adopts by rule the workers’ compensation premium assessment rate that is paid by employers to fund workers’ compensation and workplace safety and health programs. The rule also adopts the rate for an additional amount that is collected from all self-insured employers and self-insured employer groups to fund the Self-Insured Employers Adjustment Reserve and the Self-Insured Employer Group Adjustment Reserve. These funds ensure worker benefits are available in the event of a financial failure of a self-insured employer or self-insured employer group.

Before recommending the 2018 rate, the department must analyze financial data and review and authorize a proposed workers’ compensation pure premium rate filing by the National Council on Compensation Insurance. The proposed premium assessment rate for 2018 is expected to remain unchanged at 6.8 percent. Additional assessments to fund the Self-Insured Employer Adjustment Reserve and Self-Insured Employer Group Adjustment Reserve are also expected to remain unchanged. These are preliminary rates and are subject to change during the rulemaking process.

This rulemaking will adopt the assessment rates that will be in effect from Jan. 1, 2018, to Dec. 31, 2018.

A hearing on the proposed workers’ compensation premium assessment rates will be held at 3 p.m. on Thursday, Sept. 21, 2017, in Room B (Basement) of the Labor & Industries Building, 350 Winter St. NE, Salem, Oregon.

Written testimony will be accepted through 5 p.m. Friday, Sept. 29, 2017 by the Director’s Office of the Department of Consumer and Business Services, 350 Winter St. NE, P.O. Box 14480, Salem, OR 97309-0405.

Text of the proposed rules, as well as the other rulemaking documents, can be found here.

Source: OR WCD

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