Town May Leave County Comp Plan Over Rate Hike, But Higher Rate May Not Last

Tuesday, July 25, 2017 | 0

The supervisor of an upstate New York town that will see its workers' compensation premium rise 267% as the result of a funding formula change wants to look into bowing out of the county's self-insured workers' compensation plan, North Country Now reports.

Before this month, towns' contributions to St. Lawrence County's plan were based 50% on risk and 50% on property values. County regulators voted earlier this month to switch to a 100% risk-based formula.

This means the Village of Massena will see its premium rise from $168,900 to $324,300. But future premiums likely won't be that high, because 97% of the town's claims come from a public hospital that is in the process of privatizing, the newspaper reported. 

Once Massena Memorial Hospital completes its privatization, the county will no longer have to shoulder the burden of paying for its workers' compensation claims. 

View the full story here.