Landmark Workers’ Comp Accord Benefits Business And Labor

Governor Eliot Spitzer, Lieutenant Governor David Paterson and legislative leaders today announced a landmark agreement to reform the state’s workers’ compensation system.

Under the agreement, benefits for injured workers will be increased for the first time in more than a decade, and employer costs, which are among the highest in the nation, will be reduced by 10 to 15 percent with savings to grow over time.

“This is a remarkable win-win situation for both workers and employers,” said Governor Spitzer. “Thanks to the cooperation of legislative leaders and staff, and with constructive input from business and labor, we’ve developed an approach that will achieve the twin goals of helping injured workers and improving the state’s competitiveness.” Read more at ny.gov.