June 16: 2014 Workers’ Comp Annual Report Released

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The WHSCC released its 2014 Annual Performance Report. The Commission’s funded position increased to 112% for 2014, up from 106.5% in 2013. The injury fund increased from $1.0 billion in 2013 to $1.1 billion in 2014. The annual assessment rate for employers in 2014 was decreased to $2.45 per $100 of assessable payroll. Also, the maximum compensable and assessable earnings was increased to $60,760.