AWB Statement on Proposed 2018 Workers’ Comp Rates
OLYMPIA — Kris Johnson, president of the Association of Washington Business, issued the following statement on the state Department of Labor and Industries’ announcement of their proposed 2018 workers’ compensation insurance tax rates:
“Washington’s workers’ compensation system remains one of the most expensive and administratively complex in the nation, so any reduction in the rate is welcome. The proposed 2.5 percent average rate decrease is a move in the right direction as we work to build an economy that works for everyone – every employer, employee and resident in the state.
“But there is more work to be done. The last major workers’ compensation reforms were passed in 2011, yet some of the largest cost-saving reforms have not produced the promised savings or increased efficiencies. We look forward to working with lawmakers and others to find ways to make Washington’s system more competitive, to lower costs and complexity for all employers and their employees, and to make the state more attractive to expand and locate a business.”