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February 28, 2008

Council survey seeks to determine savings of 2007 comp reforms

ALBANY— A new Business Council survey will help determine how much New York employers have saved on their workers' compensation premiums after last year's historic reforms to the program.

The one-page survey, which has been sent to all Business Council members and is open to non members as well, asks respondents whether or not their business saw savings from the reforms and how much they saved.

“We're hoping that responses help us gauge the effectiveness of the reforms to date,” said Business Council President and CEO Kenneth Adams. “It will also help us to identify any problem areas with the reforms and single out areas where more action is needed.”

The Business Council was instrumental in shaping the 2007 reforms. Governor Eliot Spitzer signed the package of reforms into law last March after weeks of negotiations between lawmakers, labor leaders and The Business Council.

The reforms: