Oregon SB1506 establishes the BOLI Expenses Fund and the Workers' Benefit Fund, setting assessment rates and fund management guidelines.

Oregon SB1506 establishes the BOLI Expenses Fund and the Workers' Benefit Fund, both separate from the General Fund. The BOLI Expenses Fund is for the Bureau of Labor and Industries' expenses, while the Workers' Benefit Fund is for workers' compensation programs. The bill sets assessment rates for employers to fund these programs, aiming to minimize rate volatility and maintain reserves. It also mandates a report to the Legislative Assembly on whether the maximum fee raises enough revenue for staffing needs.

Oregon SB1506 establishes the BOLI Expenses Fund and the Workers' Benefit Fund, setting assessment rates and fund management guidelines.

Oregon SB1506 establishes the BOLI Expenses Fund and the Workers' Benefit Fund, both separate from the General Fund. The BOLI Expenses Fund is for the Bureau of Labor and Industries' expenses, while the Workers' Benefit Fund is for workers' compensation programs. The bill sets assessment rates for employers to fund these programs, aiming to minimize rate volatility and maintain reserves. It also mandates a report to the Legislative Assembly on whether the maximum fee raises enough revenue for staffing needs.