Vermont lowers employer comp fund contributions

MONTPELLIER, VERMONT, USA - CIRCA OCTOBER 2016: Detailed architecture of the large State House seen in Vermont, used as a government office as seen in early Autumn./ Nick Beer / Shutterstock.com

Vermont Governor Phil Scott signed an economic development bill Thursday that will reduce employer contributions to the workers compensation fund from 1.75% to 1.4%. 

Reducing employer contributions to the workers comp fund was a move to make Vermont more affordable, according to a Thursday statement from the governor’s office.

The bill, S.135, also increases the penalties for violations of the state’s workers comp and Vermont’s Occupational Safety and Health Administration rules. 

Many of the provisions in S. 135 went into effect upon its signing, and the rest of the provisions are effective July 1, according to a spokeswoman from Gov. Scott’s office.