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Workers' Compensation Board

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New York State
Workers' Compensation Board
OFFICE OF THE CHAIR
328 State Street  Schenectady, New York 12305
Governor Andrew M. Cuomo


Subject No. 046-738

New York Workers’ Compensation Board Announces
2015 Assessment Rate

Date: October 31, 2014

Pursuant to WCL §151, the Chair of the Workers’ Compensation Board shall annually establish an assessment rate for all employers by November 1st of each year, to be effective January 1st of the subsequent calendar year. For calendar year 2015, the rate shall be 13.2% of the standard premium or premium equivalent.

The new rate shall be effective for policies renewing on or after January 1, 2015 and represents a decrease from the 2014 rate of 13.8%. The decrease in the rate is the direct result of the 2013 Business Relief Act, which has cut the assessment rate for employers by a total of 30 percent over the last two years.

Please contact the Workers’ Compensation Board by email at: WCBFinanceOffice@wcb.ny.gov with any questions on the assessment rate.

 

Robert E. Beloten
Chair