Workers' comp rates go down.Byline: Tim Christie Christie can refer to:
For the second year in a row, the state Department of Consumer and Business Services has decreased the rates businesses pay for workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. premiums. The workers' compensation pure premium rate for 2008 went down 2.3 percent, marking the 18th consecutive year of no increase, a national record, the department said. The pure premium rate is the base rate employers pay their insurance company for workers' compensation coverage. Next year, Oregon Oregon, city, United States Oregon, city (1990 pop. 18,334), Lucas co., NW Ohio, a suburb adjacent to Toledo, on Lake Erie; inc. 1958. It is a port with railroad-owned and -operated docks. The city has industries producing oil, chemicals, and metal products. businesses will pay about 32 percent less per $100 of payroll for workers' compensation than California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). employers and about 14 percent less than those in Washington. The department said improved workplace safety is a major reason that Oregon rates have gone down. Workplace injury and illness rates have declined 50 percent since 1988. At the same time, benefits to injured in·jure tr.v. in·jured, in·jur·ing, in·jures 1. To cause physical harm to; hurt. 2. To cause damage to; impair. 3. workers have gone up. "Collaboration between labor and management has been key to the successful turnaround Turnaround A situation where a company that has had poor performance for an extended period of time experiences a positive reversal. Notes: A speculator may profit from a turnaround if he or she accurately anticipates the improvement of a poorly performing company. of Oregon workers' compensation system," Cory Streisinger, director of the Department of Consumer and Business Services, said in a statement. "Employees and employers have worked together to make their workplaces safer, and they have been deeply involved with us in other improvements to make the system more efficient." On average, Oregon employers can expect a 2.3 percent decrease in pure premium, but some will see rates go up and others may see no change, the department said. Specific cost changes vary from business to business, depending on the employer's industry, claims experience, workforce and other factors. The department also announced that two workers' compensation fees would remain unchanged next year after five years of decreases. The workers' compensation premium assessment, which pays for the administration of workers' compensation and workplace safety programs, is proposed to remain at 4.6 percent for 2008 (4.8 percent for self-insured employers and employer groups employer group Association of employers Managed care An entity with a current group benefits agreement in effect with a health plan to provide covered health care services to its employee-subscribers and eligible dependents. ). The Workers' Benefit Fund assessment, which pays for special benefits for injured workers and their employers, will remain at 2.8 cents per hour worked in 2008. Employers and workers each pay half of the Workers' Benefit Fund assessment. |
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