WCD Cuts Assessment for Workers' Benefit Fund

The Oregon Workers’ Compensation Division announced that the assessment for the Workers’ Benefit Fund will drop by 10% in 2024. The division said the assessment will be lowered to 2 cents per hour worked next year from the current 2.2 cents per hour worked. The WBF assessment pays for return-to-work programs as well as cost-of-living increases for those with permanent and total disabilities. Employers are required to pay at least half of the assessment and can deduct up to half from workers’ wages. The reduction in the Workers’ Benefit Fund assessment follows a 6.7% ...