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W.V. Senate Still Debating Reform Plan

Friday, January 31, 2003 | 0

The West Virginia Senate failed to make any progress Tuesday on SB123, the pending bill intended to keep the state's Workers' Compensation program from going broke. Business and labor representatives could not reach agreement on how to share the $1.5 billion cost to bring solvency to the plan.Nevertheless, all sides agree that something must be done to resolve the fund’s $2.5 billion unfunded liability.On Monday the Senate decided to ax a plan that would have instituted an employee payroll tax to fully fund the program. Senate Economic Development Chairman Brooks McCabe, D-Kanawha, who has...

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