Second-Injury Fund Facing Insolvency in Months, but No Action on Solutions

With the clock ticking, Oklahoma regulators are pinning their hopes on little more than a yet-to-be formed study commission to figure out a way to save the 75-year-old second-injury trust fund from insolvency. Once a study comes up with a plan, perhaps next year's Legislature can make changes that will fully fund the deficit-plagued fund, said Richard Cole, director of what's officially known as the Multiple Injury Trust Fund. "The hope is that if the next session does something, it will be just quick enough to save us," Cole said. As of April, the fund had $486 millio...