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Companies Required to Pay SIF Assessment based on Original Award, Appeals Court Says

Monday, April 20, 2015 | 0

A Maryland appeals court affirmed a lower court’s decision that funding for the state’s Subsequent Injury Fund is based on the full initial award offered to disabled workers and not the amount settled due to offsets.  Facts: Maryland’s General Assembly established the SIF in order to encourage employers to hire workers with preexisting medical conditions without the worry that, in the event of an injury, the company would be forced to pay full damages. The way the fund is financed is through a 6.5% tax that employers must pay to the fund for every claim that w...

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