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The Oregon Workers’ Compensation Division on Tuesday announced that premium assessment rates will remain unchanged in 2023.
The WCD said its parent agency, the Department of Consumer and Business Services, determined that an assessment rate of 9.8% on earned premium is necessary for 2023.
The annual assessment funds operations of the WCD, the Workers’ Compensation Board, most of Oregon’s Division of Occupational Safety and Health, a portion of the Division of Financial Regulation and other parts of DCBS.
An additional assessment of 0.1% will be levied on self-insured employers and public-sector self-insured employer groups, while a 0.5% surcharge will be assessed for private-sector self-insured employer groups to fund the Self-Insured Employer Adjustment Reserve and the Self-Insured Employer Group Adjustment Reserve.
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