Collection Rate from Members of Failed Trusts Less than 5%

By Michael Whiteley, Eastern Bureau ChiefThe New York State Workers' Compensation Board (SWCB) has collected only 4.6% of the assessments it levied on the employer/members of failed group self-insured trusts and may need a new set of enforcement tools to recover the money for injured workers, the AFL-CIO said Tuesday.Art Wilcox, an AFL-CIO member on a state workers' compensation task force, said an upcoming report from the group will include that statistic -- that the state has collected $21,081,987 on total assessments of $457,847,480 -- in its recommendations on how to tackle financi...