Comp Fund for State Workers Depleted, Audit Shows

The workers’ compensation fund that covers more than 122,000 Georgia state employees has run deficits in seven of the past 10 years and tapped out its reserves, a new audit shows. The Department of Administrative Services (DOAS), which runs the State Workers’ Compensation Program, will ask the General Assembly for $6 million to meet its obligations for the rest of fiscal 2018 and will be forced to increase the premiums it charges various state agencies going forward, the audit says. In addition, the fund is five years away from losing millions of dollars in annual reimbursements ...