Wednesday, June 28, 2017

Assessment Rate Announcement

Assessment Rates for the Florida Workers' Compensation Administration Trust Fund (WCATF) and the Special Disability Trust Fund (SDTF):

The Florida Department of Financial Services, Division of Workers' Compensation (DWC) issued an Informational Bulletin (DFS-02-2017). The Bulletin advises insurers, self-insurers and other related stakeholders that Florida's Chief Financial Officer has issued an Order (Case No. 208019-17-WC) setting the Florida Workers' Compensation Administration Trust Fund (WCATF) assessment for Calendar Year 2018. The rate has been reduced from 1.25% to 0.97%.

The Florida Department of Financial Services, Division of Workers' Compensation issued another Informational Bulletin (DFS-01-2017). The Bulletin advises insurers, self-insurers and other related stakeholders that Florida's Chief Financial Officer has issued an Order (Case No. 208013-17-WC) setting the assessment rate for the Special Disability Trust Fund (SDTF) for Calendar Year 2018.  The SDTF rate has been reduced from 1.09% to 0.91%.

By actively managing the funds' expenses, assets, future funding needs and giving consideration of all appropriate economic data, the DWC was able to reduce the assessment rate for both trust funds.

The informational bulletin and Assessment Rate Orders are available on the Division's web site: http://www.myfloridacfo.com/Division/WC/bulletins.htm.  And the rates are available at: http://www.myfloridacfo.com/division/wc/rates.htm.

Please contact Gene Smith at (850) 413-1644 for additional information.




To learn more about these issues and other Workers' Compensation information click here: http://www.myfloridacfo.com/Division/WC/