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The dividend would be the sixth of $1 billion or more since 2013 and seventh overall in that time. On top of that, the bureau lowered premium rates in recent years, including a 10% cut for public employers that took effect in January and a 13% cut for private employers that begins July 1, 2020.
In total, the bureau has saved employers approximately $10 billion in workers’ comp costs since 2011 through dividends, credits, rate reductions and greater efficiencies. Let Karp Steiger’s lawyers assist you with all your workers compensation needs.