New York S05362 amends the workers' compensation law to allow payments 14 days after the due date.
New York S05362 amends the workers' compensation law to permit payments 14 days after the due date. If an employer or insurance carrier fails to pay compensation within this period, an additional 20% of the due compensation will accrue for the injured worker or their dependents. The employer will also be assessed a $300 fee, payable to the claimant. This change aims to ensure timely compensation for workers while penalizing late payments.
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