New York, NY (PRWEB) January 22, 2013
The New York Workers’ Compensation Alliance, a coalition of injured workers and those committed to protecting the rights of injured workers, today praised actions outlined in Governor Cuomo’s proposed budget that would streamline the state’s Workers’ Compensation system.
NYWCA hailed the Governor’s proposal to increase the minimum compensation rate for injured workers from $100 to $150. “Raising the minimum compensation rate is an extremely positive step as low-income workers are by far the most likely to be injured in the workplace,” said Robert Grey, Chairman of NYWCA.
NYWCA also supported Governor Cuomo’s proposal to close the 25-a Fund, or Reopened Case Fund, which has been an agenda item for NYWCA for several years. Eliminating this fund will reduce assessments on employers by 25 percent.
“The 25 percent reduction achieved by closing the Reopened Case Fund comes on top of the more than 50 percent reduction that will ultimately be achieved through the previous closure of the Second Injury Fund,” Grey said. “This proposal will save money for responsible employers while continuing to deliver appropriate benefits to injured workers.”
Finally, NYWCA praised the Governor’s proposal to simplify workers’ compensation assessments while keeping intact the important state agencies and programs that are funded through this equitable mechanism.
NYWCA is studying other budget proposals involving workers’ compensation. Grey noted that a prior NYWCA report shows workers’ compensation costs in New York State have declined dramatically in the past two decades and that workers’ compensation is also a declining portion of overall employer costs. The report shows that costs have actually declined by a full 30 percent during the past 18 years. The report is available at http://www.nyworkerscompensationalliance.org/.