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Group Trusts Still Struggling While Task Force is MIA

Monday, March 2, 2009 | 0

More than eight months after New York lawmakers ordered a task force to devise ways to shore up the state's ailing group self-insured trust system, the task force has yet to meet and more than a third of the state's active trusts remain listed as underfunded.A New York State Workers' Compensation Board (SWCB) report updated through Feb. 1 lists 35 of the state's group workers' compensation trusts that are still up and running following a string of failures dating back to 2006.The report classifies 13 of them as underfunded – meaning their assets are less than 90% of t...

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