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AN ACT relating to workers' compensation. Amend KRS 342.120 to require the Division of Workers' Compensation Funds to aggressively resolve outstanding liabilities through lump-sum settlements and if an injured worker chooses to receive a lump-sum payment, the worker may hire an attorney and his or her fees shall be paid from the special fund in an amount not to exceed 1% of the lump sum payment; amend KRS 342.122 to include funding the Division of Workers' Compensation Funds and the Occupational Safety and Health Review Commission to entities funded by the assessment on workers compensation carriers' insurance premiums and cap the funding at the amount budgeted for the 2015-2016 fiscal biennium, to be reduced by 5% annually for fiscal years beginning on July 1, 2016; amend KRS 342.1223 to require the Workers' Compensation Funding Commission to make a quarterly report to the Interim Joint Committee on Labor and Industry on claims closure, current claims, claims received, assessment income, transfer of funds, and use of transferred funds; amend KRS 342.1224 to increase the commission from 7 to 9 members by adding a member nominated by the Kentucky Association of Manufacturers and the Kentucky League of Cities and appointed by the Governor.

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Sponsor

  • J. Greer