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Review: 2006 Policy Shifted Comp Costs to Taxpayers, Created Windfall for Carriers

Friday, February 5, 2021 | 0

A policy that the New Jersey Division of Workers’ Compensation adopted in 2006 encouraging injured workers to accept continued medical monitoring and coverage in lieu of cash settlements harmed the state’s pension funds and taxpayers by relieving insurers of their financial obligations, Comptroller Kevin Walsh announced on Thursday. The Office of State Comptroller initiated its review of the DWC’s 15-year-old policy after receiving a complaint that public employees were encouraged to seek medical monitoring settlements in order to avoid pension offsets. The report releas...

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