IL Commission Becomes User Funded

The Illinois Industrial Commission announced that the state legislature has approved an independent funding source for the Industrial Commission. Illinois now joins 45 other states around the country that pay for their workers' compensation agencies through assessments, either on insurance premiums, benefits paid, payroll, etc. Insurance companies will add a 1.5% surcharge to the workers' compensation insurance policies that employers buy, while self-insured employers will pay a fee of 0.045% of the previous year's payroll. Monies will be deposited in the Industrial Commission Operations Fu...