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We Did It! - 2017 Workers' Compensation Reform

Staff Contact: Lev Ginsburg

After making workers’ compensation reform the top priority of The Business Council’s legislative agenda, we are happy to announce that the agreed to FY 2017-18 State Budget includes language significantly reforming New York’s workers’ compensation system that will create meaningful savings for all employers in the state. The bill received final legislative approval this weekend, and is awaiting the Governor's signature.┬áLike all reforms of this nature, there was significant negotiation among stakeholders and the houses. We would like to especially applaud the state Senate, particularly Majority Leader Flanagan and Senators DeFrancisco, Akshar and Amedore for making comp reform a top priority of the Senate and making sure that it became a reality. We also want to thank Assembly members McDonald and Woerner for standing firm in their house and consistently calling for relief.┬áThe cost-saving highlights of reform include:

The reform also includes provisions designed to enhance coverage for injured workers by:

Additionally, there are provisions to:

We are certain that these measures will in total not only create significant savings in year-one but will continue to reap savings as Impairment Guidelines go into effect next January, creating an even greater annualized savings of hundreds of millions of dollars into the future. We want to thank our members and the more than 65 employer organizations and hundreds of other employers who joined our efforts to make long-sought reforms a reality.

The bill, Part NNN, can be found here