Workers' Comp Funding Commission Sets Assessment Rates for 2018

The Kentucky Workers' Compensation Funding Commission (KWCFC) has set rates for the assessments it plans to collect from employers in 2018 to fund the state's workers' compensation program. Employers will be assessed at a rate of 6.29% of their premium. Coal companies will be assessed at a rate of 20.29% of their premium. Coal companies had to pay 14% more than regular employers last year as well. The funding commission originally proposed an "additional coal rate" of 49.5% last year, but the legislature rejected it. Instead, the legislature passed House Bill 377, w...