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Disability Law

: Workers Comp Insider

New York Trusts, Revisited: Comp Board Channels Willie Sutton

By Jon Coppelman

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Yesterday we blogged the New York Workers Comp Board's unusual solution to a cash flow problem: when a dozen trust funds collapsed, the Board decided to hit up the remaining, solvent funds with an assessment: they raised assessments from the routine total of $500,000 to a staggering $12 million. The Board is using the logic of notorious bank robber Willie...

Full post as published by Workers Comp Insider on June 17, 2008 (boomark / email).

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