|The WCIRB has released its Senate Bill No. 863 WCIRB Cost Monitoring Report — 2014 Retrospective Evaluation which is part of a multi-year cost monitoring plan developed by the WCIRB following the signing of SB 863 by the California Governor on September 18, 2012.|
This report includes an updated retrospective evaluation of the cost impact of a number of SB 863 provisions based on data emerging through the third quarter of 2014. Based on the most current information, the WCIRB estimates the impact of SB 863 is an annual net savings of $0.2 billion, or 1.2%, of total system costs.
Shown below are the principal findings of the Report: