Aug. 25: Workers’ Comp Assessment Rates to Decrease in 2012

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The WCB announced decreases ranging from 5% to 22% in assessment rates for all nine rate groups in 2012, with an average decrease for all industry groups of 13.4%. The amount of administration costs within the average assessment rate for 2012 will also be lowered to $1.04 from $1.10 in 2011.