Longshore Special Fund Meeting Obligations, OIG Report Finds

While some state-based second injury and other special compensation funds have struggled with red ink in recent years, the Longshore and Harbor Workers' special fund is doing just fine, an audit has found. The audit report from the Department of Labor's Office of Inspector General determined that revenue for the fund dropped by almost 6% last year, but so did its costs. In fiscal year 2019 and 2018, “assessments were sufficient to cover the costs, and performance goals targeting the timeliness of initial claims processing and benefit delivery outcomes were achieved,” acco...