Oregon HB4027 amends workers' compensation laws, establishing the BOLI Expenses Fund and adjusting assessment rates.

Oregon HB4027 creates the BOLI Expenses Fund in the State Treasury, separate from the General Fund, to support the Bureau of Labor and Industries. The fund receives moneys from various sources, including employer assessments and penalties. The Department of Consumer and Business Services manages the fund, setting assessment rates to maintain a 12-month reserve and minimize volatility. The bill also revises the Workers' Benefit Fund, ensuring it has sufficient reserves for workers' compensation programs.

Oregon HB4027 amends workers' compensation laws, establishing the BOLI Expenses Fund and adjusting assessment rates.

Oregon HB4027 creates the BOLI Expenses Fund in the State Treasury, separate from the General Fund, to support the Bureau of Labor and Industries. The fund receives moneys from various sources, including employer assessments and penalties. The Department of Consumer and Business Services manages the fund, setting assessment rates to maintain a 12-month reserve and minimize volatility. The bill also revises the Workers' Benefit Fund, ensuring it has sufficient reserves for workers' compensation programs.