Coalition of Businesses Challenges Fee on Montana Workers’ Comp Assets

February 5, 2018

A business coalition is asking a judge to stop state officials from imposing a fee on assets of Montana’s workers’ compensation fund to plug a budget gap.

The suit filed in late January in state District Court in Lake County says employers pay into the fund to make sure injured workers get medical coverage and state officials can’t take the money for Montana’s general fund.

Plaintiffs include several small businesses, the Montana Roofing Contractors Association and the National Federation of Independent Businesses,

Lawmakers recently approved a 3 percent management fee on state fund assets above $1 billion. The fee is intended to raise nearly $30 million over two years to help address a projected $227 million budget deficit.

Topics Workers' Compensation

Was this article valuable?

Here are more articles you may enjoy.

From This Issue

Insurance Journal Magazine February 5, 2018
February 5, 2018
Insurance Journal Magazine

2017 Agency Mergers & Acquisitions Report; Markets: Nonprofits, Garage & Repair