Gov. Christine Todd Whitman has conditionally vetoed a billthat would have reduced the amount of money employers arerequired to pay into the Second Injury Fund. The governor saysthe cuts should go even deeper.

The legislation called for changing the formula used tocalculate the surcharge levied annually on workers’ compensationpolicy-holders and self-insured employers. The surcharge iscurrently based on 150 percent of the estimated cost of theprogram. The state uses an overestimate to ensure that there isenough money to cover unanticipated claims against the fund.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]