DCBS Proposes 2.1% Pure Premium Rate Increase

The Oregon Department of Consumer and Business Services on Wednesday proposed a 2.1% average pure premium rate increase for 2027. Under the proposal, the average pure premium rate would increase to 92 cents per $100 of payroll from 89 cents. The department said the increase is necessary as a result of the temporary total disability benefit increase in SB 1519. Currently, TTD benefits are paid at 66.67% of the state average weekly wage. Starting Jan. 1, the weekly compensation rate for wages up to 75% of the average weekly wage will increase to 75%, while the compensation rate for wages that...