New York lawmakers last night gave final approval to legislation stiffening penalties and regulation of employers' self-insured workers' compensation trusts, 12 of which have lately gone into default.
The measure now goes to Gov. David Paterson, who had requested it.
Passage of the reform measure drew immediate praise from Workers' Compensation Board Chairman Zachary S. Weiss, who said in a statement that the legislation "will help reinforce the self-insurance industry in New York by granting the board enhanced regulatory powers, while addressing our funding needs. I am also pleased it contains an additional $4 million for the occupational health clinics that help New York's injured workers get back on the job quickly and safely."
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