Assessment on Employers' Premiums Unchanged

The Kentucky Workers' Compensation Funding Commission announced the assessment on premiums, used to retire debt from the closed second injury fund and cover future claims for black lung disease, will remain unchanged in 2011.The commission will continue its 6.5% assessment on employers' premiums. The money is used retire unfunded liabilities from the second injury fund, which closed in 1996. The state expects to retire the unfunded liabilities in 2018.In addition to the tax on premiums, both the 0.5% Additional Coal Rate assessment to cover future claims for coal workers' pneumocon...