Division Sets Hearing on Workers' Benefit Fund Assessment Rate

The Oregon Workers’ Compensation Division has scheduled a Sept. 20 public hearing to hear testimony on the proposed Workers’ Benefit Fund assessment rate, but it won’t propose the actual amount to be assessed until next month. The division adjusts the assessment rate annually as determined by an actuarial analysis of income to the fund relative to outflows, according to the division’s notice. Oregon Revised Statute 656.506 requires the division to maintain funds for no less than six months of projected expenditures. The current assessment rate is 2.8 cents per hour of...