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Augusta, ME (CompNewsNetwork) - Governor John E. Baldacci and the Executive Director of Maine Workers’ Compensation Board, Paul R. Dionne, announced that the Workers’ Compensation Board recently approved the largest reduction in the assessment to employers since 1993.
The action reduced the assessment which funds the Agency from $10.8 million to $7.35 million for a total reduction of $3.45 million. This was accomplished through the following measures: a transfer from the Rehabilitation Fund of more than $1.1 million; salary savings from vacancies and shutdown days of $675,000; audits from prior fiscal years of $1.6 million; and miscellaneous savings of $60,000. The Board approved the recommendation by a vote of 5-0.
This is the second year in a row that the Workers’ Compensation Board has submitted record breaking reductions. Last year the Workers’ Compensation Board announced a $3 million reduction …read more