L&I Proposes Tapping Reserves to Avoid 2021 Rate Increase

The Washington State Department of Labor & Industries on Tuesday proposed tapping into the workers’ compensation contingency reserve to avoid a rate increase in 2021. “Our 2021 rate proposal recognizes the toll the pandemic is taking on employers and workers in our state,” L&I Director Joel Sacks said in a statement. “Although our projected workers’ compensation costs are going up, we’re keeping premiums the same by taking advantage of the reserves we’ve built over the years by improving services and reducing disability.” L&I sa...