HR professionals in New York have worked hard in recent years to try to improve the state's expensive workers' compensation system. But you'll have to wait at least another year for reform.
The issue was raised by the governor this year, as in 2004, but the collective response from Albany was "We'll wait for the new governor to deal with it," according to Tom Minnick, legislative director for the New York State Society for Human Resource(NYS-SHRM).
NYS-SHRM says New York has the second highest average case-cost in the country, one of the lowest maximum benefit rates for employees and premiums that are 15 percent above the national average.
The good news: Both candidates for governor have acknowledged a need for serious reform.
Disability benefits: On a related note, legislation proposed in the state senate would increase the maximum disability benefit from $170 per week to $380 on July 1, 2007, and $440 on July 1, 2008. The bills are currently in committee.
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