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With No New Claims, Second-Injury Fund Slowly Winding Down, Report Notes

Friday, October 16, 2020 | 239 | 0 | 12 min read

The unfunded liability for Florida's second-injury fund has continued to drop and now stands at less than $237 million, according to an actuarial report. Aon Risk Solutions reported that the Special Disability Trust Fund's unfunded liability, as of June 2020, was $94 million less than in 2019. Actual paid losses for fiscal 2020 were about $25 million, significantly lower than the average for the previous three years. And the number of open claims has fallen sharply, from 4,400 in 2017 to 952 this year, the report found. “This reflects the SDTF's efforts to close out inacti...

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