Fiscal Note
SB0108 - Offset of Workers' Compensation and Social Security
State Impact:
Enactment of this bill will require additional funds in FY 2009 from the Employers' Reinsurance Fund of $124,000 and from the Uninsured Employers' Fund of $2,400. In FY 2010 it will require additional funds from the Employers' Reinsurance Fund of $222,600 and from the Uninsured Employers' Fund of $4,800.
| Funding Source | FY 2008 Approp. | FY 2009 Approp. | FY 2010 Approp. | FY 2008 Revenue | FY 2009 Revenue | FY 2010 Revenue |
| Total | $0 | $0 | $0 | $0 | $0 | $0 |
Individual, Business and/or Local Impact:
Businesses and local governments may be impacted due to potential increases in workers' compensation costs due to individuals' ability to maintain their full disability payments while receiving Social Security payments with cost of living increases. Individuals may benefit due to the potential ability to continue to receive their full disability payments without a decrease in benefit for people who also receive Social Security benefits.
| 1/21/2008, 12:22:59 PM, Lead Analyst: Schoenfeld, J.D. | Office of the Legislative Fiscal Analyst |