Illinois HB4942 amends surcharges and fees for workers' compensation.
HB4942 modifies the Illinois Workers' Compensation Commission Operations Fund Surcharge and Fee. It increases the surcharge rate to 1.092% of direct written premium for 2027 and beyond. It also adjusts the fee rate to 0.0081% of annual actual wages for 2024 and 2025, with future rates determined by the Commission. The bill outlines penalties for non-payment and specifies how collected funds are to be disbursed.
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- Core Provisions
- Implementation
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- Legal Framework
- Critical Issues
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