Illinois HB4942 amends workers' compensation surcharges and fees.
HB4942 adjusts the rates for the Illinois Workers' Compensation Commission Operations Fund Surcharge and Fee, and modifies payments to the Rate Adjustment Fund. It mandates annual surcharges and fees from employers based on their direct written premiums and annual actual wages. The bill also outlines penalties for late payments and specifies the distribution of compensation to dependents of deceased employees. Effective immediately upon becoming law.
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