Why are employers required to pay assessments to the Second Injury Fund?
Assessments were established by state law by the Legislature to finance the operations of the Second Injury Fund. The Fund pays benefits to injured workers with a second injury (for claims prior to 7/1/1995), it pays widows and dependent benefits to survivors of injured workers who died as a result of their workers compensation injury as well as claims for injured workers who are deemed to be permanently and totally disabled. Additionally, the Fund pays workers compensation benefits on behalf of bankrupt employers and uninsured employers.
Related Questions
- Do we mail CHARITYSMITH a check for $500 now or can we setup the fund first and use donations to pay the cost of establishing the fund?
- Are the contributions paid into the trust fund by employers used to pay for anything other than state unemployment benefits?
- What annual special fund assessments do self-insurers pay and how much are they?
