"An assessment surcharge added to workers' compensation costs borne by New York employers remains the nation's highest, nearly five times the average imposed in other states, according to the annual study conducted by the Workers’ Compensation Policy Institute. New York’s 18.8 percent surcharge is more than double the 8.3 percent tax in Minnesota – the state with the second highest assessment. These assessments are essentially a tax on workers’ compensation premiums and are used by state governments to fund the system. In the last two years, New York State has increased this tax by 27.5 percent and decreased it by 6.9 percent, respectively."
Click here to read Workers’ Compensation Assessments 2012: New York remains the highest in the nation.
Now that Governor Cuomo has reduced rates, the interesting question is what reform maybe anticipated inorder to pay for the reduction.
