Bill Would Keep Bonuses Out of Payroll Calculations

Two bills have passed key Senate committees that could potentially save employers a little money on workers' compensation premiums. SB 71, sponsored by Sen. Justin Brown, R-Rolla, would prohibit insurers from considering small employee bonuses and contributions to their retirement accounts when calculating payroll for workers' compensation policies. “This act stipulates that no workers' compensation insurance policy shall be approved by the Department of Insurance, financial institutions and professional registration if, when determining the premium to be paid by a...