Assessment Rate Drops for Fourth Straight Year

Friday, June 29, 2018 | 0

Beginning Sunday, the assessment rate for employers in Massachusetts will drop for the fourth straight year, the state Department of Industrial Accidents announced.

The assessment, based on payroll and premiums paid, goes to fund the department and trust funds. Starting next week, it will drop, from the current rate of 4.56%, to 3.83% for insured employers, and from 4.54% to 3.77% for self-insureds.

The department has published a bulletin that explains the formula used to determine the standard premium that the assessment is based on.

Questions can be addressed to Aalana Feaster at Aalana.Feaster@massmail.state.ma.us.