Missouri Governor Signs Bill Replenishing Disabled Workers Fund

Missouri Gov. Jay Nixon has signed legislation raising charges on businesses to replenish an insolvent state fund that provides benefits to disabled workers

The new law will temporarily double the surcharge that businesses pay on their workers’ compensation insurance in order to finance a World War II-era program that pays benefits to disabled workers who suffer additional job-related injuries or illnesses.

Missouri’s Second Injury Fund has been running short of money for several years, causing Attorney General Chris Koster to delay payments to people awarded benefits and postpone settlements on pending claims.

Read More: Missouri Governor Signs Bill Replenishing Disabled Workers Fund.

Join the Conversation on Linkedin | About PEO Compass

The PEO Compass is a friendly convergence of professionals and friends in the PEO industry sharing insights, ideas and intelligence to make us all better.

All writers specialize in Professional Employer Organization (PEO) business services such as Workers Compensation, Mergers & Acquisitions, Data Management, Employment Practices Liability (EPLI), Cyber Liability Insurance, Health Insurance, Occupational Accident Insurance, Business Insurance, Client Company, Casualty Insurance, Disability Insurance and more.

To contact a PEO expert, please visit Libertate Insurance Services, LLC and RiskMD.