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Washington State 2011 workers comp rate up by 12 percent
THE ASSOCIATED PRESS January 28
OLYMPIA, Wash. — Workers compensation rates are going up by an average of 12 percent this year in Washington state. That’s equivalent to 6.5 cents per hour worked.
The rates already took effect in January. Friday’s announcement by the Department of Labor and Industries just confirms that earlier, emergency ruling.
The change is expected to generate $196 million toward covering this year’s workers compensation costs. The state also is tapping $117 million from its trust fund to pay workers compensation bills, in an effort to keep rate increases down.
It’s hard to swallow workers comp cost going up with all the economic challenges everyone is facing.
Most of this money will go to the middle managers and their retirement funds.
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