Net Assessments to Decrease 7.2% in 2021

Insured and self-insured employers in California will pay 7.2% less in assessments for the fiscal year ending in 2021 than they did for the fiscal year that ended in 2020, according to notices the Department of Industrial Relations mailed last week. While the total amount the department needs — the aggregate assessment — is increasing by 3.35% to $1.107 billion from $1.071 billion, after accounting for fund balances and other factors the total amount employers will pay will fall to $719.53 million from $775.23 million. That said, although the department will collect less than it ...