FISCAL NOTE
Date Requested: February 10, 2015 Time Requested: 11:08 AM |
Agency: |
Workers' Compenation |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
1404 |
Introduced |
SB51 |
|
CBD Subject: |
Workers Comp. |
---|
|
FUND(S):
7162
Sources of Revenue:
Special Fund
Legislation creates:
Neither Program nor Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
Senate Bill 51, if enacted, is likely to increase expense for the Worker's Compensation Old Fund and have an adverse impact on the reduction of the Old Fund deficit.
The data necessary to prepare a reliable estimate of the negative impact on the Old Fund deficit is not available at this time. Please see the memorandum to this fiscal note for additional information.
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2015 Increase/Decrease (use"-") |
2016 Increase/Decrease (use"-") |
Fiscal Year (Upon Full Implementation) |
1. Estmated Total Cost |
0 |
0 |
0 |
Personal Services |
0 |
0 |
0 |
Current Expenses |
0 |
0 |
0 |
Repairs and Alterations |
0 |
0 |
0 |
Assets |
0 |
0 |
0 |
Other |
0 |
0 |
0 |
2. Estimated Total Revenues |
0 |
0 |
0 |
Explanation of above estimates (including long-range effect):
Memorandum
Senate Bill 51, if enacted, would grant twenty weeks (or 5% permanent partial disability) of worker's compensation benefits to claimants with no measurable pulmonary impairment from occupational pneumoconiosis.
Data regarding how many additional awards for OP benefits that would be granted due to the proposed amendements to SB51 is not readily available.
If enacted, SB51 could potentially increase private carrier worker's compensation insurance premium rates, and would also increase the worker's compensation expense for self-insured employers operating in WV, particularly those in industries with potential OP exposure.
Estimates for the above impacts are not available at this time.
Person submitting Fiscal Note: Melinda Kiss
Email Address: Melinda.Kiss@wvinsurance.gov