Legislation Will Reduce Costs And Increase Benefits

Governor Eliot Spitzer today signed landmark legislation which fundamentally reforms the state’s workers’ compensation system.

The legislation, which Governor Spitzer made a top priority in his new administration, will increase benefits for injured workers for the first time in more than a decade, while reducing employer costs by 10 to 15 percent. New York State’s workers’ compensation premiums have been among the highest in the nation, despite low weekly benefits for injured workers.

“Workers’ compensation reform is a critical component of restoring the state’s competitiveness,” said Governor Spitzer. “Today, New York is reversing a trend that hampered business growth for years and we are better protecting workers in the event of job-related injury.” Read more at ny.gov.