Biz group pleased, labor upset with Cuomo's reforms to workers' comp

Feb 1, 2016 -- Posted by : admin

Every worker in NYS needs to be concerned about Cuomo's plans to severely reduce workers' benefits under the NYS Workers' Compensation Law. He also plans to take oversight of the New York State Workers' Compensation Board away from the state legislature and hand that power over to the NYS Governor and the NYSWCB. Please contact your state representative and implore him or her to vote AGAINST these changes. If you are a member of a union, ask your union to get involved.

Gov. Andrew Cuomo's budget boasted of labor-friendly wage increases and paid family leave, but it also included workers' compensation reforms welcomed by employers.
He included two of the Business Council's top priorities: the elimination of a required deposit by insurers, and an extension to 120 days of the use of managed-care doctors for workers under such plans.

The deposit modification would lift a mandate on insurance companies to set aside an estimated total payout for injured workers before an agreement has been reached. Currently, comp carriers must make such a deposit into an “aggregate trust fund.” Such deposits give employees leverage when negotiating settlements with carriers.

Full article here