Unfunded Liabilities Will Drop to $1.9 Billion in Florida SIF

Unfunded liabilities from Florida's second injury fund will drop to $1.9 billion by next June and turnaround time for paying claims has dropped to less than a year, an outside actuary told the Florida Division of Workers' Compensation (DWC).On Monday, DWC released the fiscal 2008 annual report on the Florida Special Disability Trust Fund (STDF), which lawmakers closed to new injuries on Jan. 1, 1998.Florida was among the first group of states to shut down its second injury fund amid warnings that assessments would never keep pace with claims.The funds were created to encourage employer...