Workers' Compensation Board
Costs To Administer the Workers' Compensation Program
The primary responsibility of the Workers' Compensation Board is to ensure that workers who are off the job because of injury or illness are compensated under programs covering both occupational and nonoccupational disability and sickness. In accordance with State law, the Board's costs for administering these programs are paid by assessments levied on insurance carriers and self-insured businesses and political subdivisions. According to the Board's consolidated statement of costs for the fiscal years ended March 31, 2007 and March 31, 2008, the assessable costs for these two years totaled $178,050,004 and $190,452,900, respectively. We audited the financial statements for these two years and concluded that they were presented fairly in all material respects.
For a complete copy of Report 2009-S-45 click here.