New York officials said workers' compensation system reforms will reduce insurance rates for a second year with the cost declining by about 5 percent for 2009, following a 20.5 percent decrease for 2008.

Gov. David A. Paterson's announcement said there has been a total reduction of about 25 percent from the 2007 pre-reform rates.

At the same time, it was noted, maximum weekly benefits for workers recently increased to $550 per week and will continue to rise each year until 2010 when they will be indexed at two-thirds of the average weekly wage.

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