Compendium of Budget Information for the 2010 General Session
Commerce & Workforce Services Appropriations Subcommittee | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subcommittee Table of Contents | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Line Item: Employers Reinsurance Fund Function The Employers' Reinsurance Fund (ERF) makes payments for industrial accidents or occupational diseases occurring on or before June 30, 1994. Administrative costs may be paid from the fund, but unrelated expenses are not allowed. Revenues come from a 5.0% (3.5% of Statutory Limit, January 1, 2010) surcharge on employers' Workers' Compensation premiums collected by the State Tax Commission. It is expected that the ERF will be fully funded to meet all of its liabilities by 2013. See UCA 34A-2-702 Funding Detail
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