Revolving Fund Drives Majority of Assessment Increase

Increased use of the supplemental benefit program created by 2012 reforms, and less revenue from lien filing fees, both contributed to the need for the Department of Industrial Relations to increase its annual assessment on California employers, by more than $80 million. An increase in the Workers' Compensation Administrative Revolving Fund for 2019 is driving the majority of the 9.4% overall increase in employer assessments, which will grow, to $941.8 million, from $860.6 million. The revolving fund assessment is increasing, by $44.6 million, to $482.6 million, compar...