Supplemental Surcharge for Second Injury Fund to Drop to 2%

Missouri employers and insurers will see a break on the amount they must pay next year to support the state's Second Injury Fund. The Missouri Division of Workers' Compensation announced that the supplemental surcharge for the fund will drop from 3% to 2% starting Jan. 1. The supplemental surcharge is billed quarterly and is based on net premiums. A separate surcharge for the Second Injury Fund will remain unchanged at 3%, the maximum allowed by law. The rate is based on a statutory formula to generate 110% of the money to be paid from the Second Injury Fund in the following calendar...