Given birth by
Bechtel in Massachusetts over a decade ago, nurtured by
ERISA (Employee Retirement Income Security Act, 29 USCS § 1002) ) and fed by the increasing
frustrations of employers and employees throughout the nation, the
new non-subscription Opt-Out Plan has emerged as a leading alternative solution to traditional workers' compensation coverage.
It has been reported that since its formal adoption by
Oklahoma last week,
David DePaolo, the knowledgeable CEO of
WorkCompCentral (and cycling enthusiast) reports that other states, including: Colorado, Kansas, Louisiana and Tennessee, will have legislation introduced to statutorily recognize the concept.
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