BWC Staff Proposes 6.3% Rate Reduction in July

The Bureau of Workers’ Compensation announced that its staff has proposed a 6.3% reduction in base workers’ compensation rates, effective July 1.If approved by BWC’s board, the cut would mark the eighth consecutive year that private sector rates have either fallen or remained flat. Private employers saw a 4% rate decrease in 2011. Rates were flat in 2012, before a 2.1% reduction last year.Rates for public employers were reduced in January and are at their lowest level in at least 30 years, the BWC announced April 22.If the 6.3% cut is approved, it would translate into a $91 m...