Senate debates future of disability fund
Tuesday, February 5, 2013
JEFFERSON CITY (AP) —
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Missouri senators are proposing to revive an insolvent fund for disabled workers by raising fees on businesses and restricting future claims.
A bill debated Monday seeks to replenish the state’s Second Injury Fund, which was created 70 years ago. The fund has a deficit of about $25 million that is expected to keep growing.
The Second Injury Fund provides compensation to people with existing disabilities who suffer an additional work-related injury or illness. It’s financed by a surcharge on workers’ compensation insurance premiums.
Auditors have noted that the fund developed its financial problems after lawmakers capped the surcharge in 2005.
Senators quit Monday without voting on a bill to raise the surcharge and restrict the types of injuries the fund covers. Debate is expected to continue later this week.