To ascertain the total expenses that the Workers’ Compensation Board (Board) incurred in administering the Workers’ Compensation Program (Program) for the three State Fiscal Years ended March 31, 2020.
About the Program
The Board’s mission is to protect the rights of employees and employers by ensuring the proper delivery of benefits and by promoting compliance with the Workers’ Compensation Law (Law). Costs to administer the Program are recovered via assessments by the Board on participating insurance carriers, the State Insurance Fund, self-insurers, and self-insured political subdivisions of the State. Under the Law, the Board and the State Comptroller are required to ascertain the Board’s expenses.
We performed certain procedures, which were agreed to by the Board, to ascertain the expenses it incurred in administering the Program for the three State Fiscal Years ended March 31, 2020. On average, the Board incurred $207 million in expenses, including about $6 million attributable to administering self-insurance, to administer the Program for each of the three State Fiscal Years.
State Government Accountability Contact Information:
Audit Director: Brian Reilly
Phone: (518) 474-3271; Email: [email protected]
Address: Office of the State Comptroller; Division of State Government Accountability; 110 State Street, 11th Floor; Albany, NY 12236