State Fund Rate Revision Will Reduce Premiums 3.5%

State Compensation Insurance Fund on Tuesday announced that it filed a revision to its rate plan that will result in an estimated 3.5% decrease in collectible premiums when it goes into effect July 1.State Fund says its base rate will not change but it is expanding its merit rating and claims-free discount programs as a reward to companies with good safety records. Not all employers will receive the discounts under the rate revision. But employers who qualify for claims-free discounts could see their premium discounts increase from 10 to 15 percentage points, State Fund says in its release. Th...