MO Workers' Compensation Tax Memorandum 2019: Workers' compensation administrative tax, Second Injury Fund surcharges and administrative surcharge

nnne ini nr 3315 WestTruman Boulevard. Room 131 MICn&LLLPFJSO uiviiun ui P.O.BoxSS GOVEPNCM woRKE Jefferson Oty. MO 65102-0058 Phone 573-751-4231 ANNAS.Hw Fa 573-751-2012 oEpalucNT D.cTR CO M PE NSATION L.taor.mogov,owc Email: woricersconlp@tabor.mogov - I o: t\ll \Vorkers’ (onpensation Insurance Companies. Self—Insured liniplovers. Group ‘I ris. and Ihird Party Adnii nistrators From: Anna S. I Iui. 1)irector Missouri Department ol .a or and Industrial Relations 1\ Colicen 30cm etter. Direetotç\ Missouri Division of \Vorker’p.inipcnsation Chlora I .indlev-Myers. Director Missouri Department of Insurance. Financial Institutions mid Professional Registration October 31. 2018 Sttt’iect: Workers Coriipensation Administrative lax .Adui ilistrative Surcharge. Second IDiot) Fund Surcharge. and Second I njurv Fund Supplemental Surcharge for the 21)19 Calendar Year As required by Sections 287,690. 287.715 .and 287.716. RSMo. the state of Missouri shall impose a workers compensation administrative tax. administrative surcharge. Second Injury Fund surcharge. anti a Second Injury lund stipplemetiral surcharge. For calendar year 21)19. there will be no change from calendar ear 2018. For calendar year 2019. the administrative tax w II be I .0 percent. the adiiiinistrati ye surcharge “ill be I .0 percent. Lhe Second I njurv Fund surcharge iII be 3.0 percent. and the Second Injury kind supplemental sttrcliarge will be 3M percent. Section 287.690. RS\lo. authorizes the inipositioti ofan adininistrat’ ye lax not to exceed two percent. Section :87.7 I 6. RSN-lo. authorizes the imposition ol’ an .,dm inistrative surcharge at the same rate as the administrative ta.\. lie revenue from the administrative tax and the administrative surcharge is used to fund expenses associated ith the adni inistration of the Missouri Workers’ Compensation law - Section 287315. RS.\lo. authorizes the imposition ofa Second Injury Fund surcharge that shall not exceed uhrce percent. F Teethe January I - 2ti 14. 287.71 56. RSMo. authorizes the imposition ola Second I r1jtIr Fund supplemental surcharge not to exceed three percent. lhe Second Injury Fund supplemental surcharge ma\ be collected ir calendar years 21)14 to 2021. The revenue generated by lhe Second Injury Fund surcharge and the Second I nj an lund supplemental sttrchiarge is ttscd to pa beneFit and expense liabilities of the hind. For more i nftirmatiott about the liincions-’and services of the Division of Vorkers’ Compensation and the Second Injtir Fund, visit lain: labr.rnoJcI I)\V lie Department of’ Labor and Industrial Relations and the Depaninent of Insurance. Financial Institutions and l’rofessiotial Registration look Ion arch to s orking with you in 201 9. If you have questions or iced additional inkirniation. contact the Division ui Workers Compensation at 800—775—2667 or the Department of Insurance. :ii,lch,I lllstituiic’ns arid Professional Registration at 800—394—0964. .lIis.wan’i D jVLviun 0,/ 1I’orheiw ‘ Crmipeiuwtiwi is air equal opporsIint,n’ enrployer4,rogrwn. .1railiarn oils and sen-ices tire available upon reqzlesl to individuals with disabilities. TDD:fl1 800.735-29(16 Rekt- Missouri: 711 MISSOURI DEPARTMENT OF LABOR & INDUSTRIAL RELATIONS