June 9: Average Workers’ Comp Assessment Rate to Increase

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The Board of Directors of YWCHSB will increase the average assessment rate by two cents in 2017, to $1.87 from $1.85. This increase will be the first in seven years. Although no employer pays the average assessment rate, it signals whether industry rates will rise or fall in the coming year. The YWCHSB will now examine each industry rate group to determine specific actual assessment rates for 2017, which will be released in the fall.