Bulletin Item: Assembly Passes Workers’ Compensation Reform Measures

At the 11th hour, a joint committee of the state Assembly passed a bill that is intended to reign in the increasing costs of workers’ compensation. Although it remains to be seen whether the measure will achieve the projected up-front savings of $5.3 billion and annual savings of about $5 billion, the changes are far-reaching and employers should make themselves familiar with the ways their comp practices will be affected. See the back of this Bulletin for a rundown of the provisions that may directly impact your organization.