WCD
administers the state’s laws and rules governing workers’ compensation. The
division’s operating budget comes from a dedicated fund that is not part of the
state’s general fund. The director of DCBS
imposes an assessment on all insurers, self-insured employers, and self-insured employer
groups. The assessment is levied against the insurers’ direct earned premium and
a simulated earned premium for self-insured employers. These assessments are deposited
into the Consumer & Business Services Fund.
No General Fund revenue is used to support the division’s budget.
Effective January 1, 2010, the assessment will be set at an amount equal to 4.6 percent
of the premiums charged for workers' compensation coverage. This is the fourth straight
year the rate has been at 4.6 percent, which is down from 5.5 percent, the rate effective
during 2006. This amounts to a reduction of over 16 percent in the total assessment,
bringing it to its lowest level since 1997. Self-insured employers and self-insured employer
groups will pay a rate of 4.8 percent.
If you have questions about this webpage, please contact Dan McNally, 503-947-7502.
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