Second Injury Fund poses multi-million dollar liability

Posted February 21, 2013 at 3:28 pm

by Marie French

Missouri’s troubled Second Injury Fund poses a risk for the state of several million dollars, with unpaid liabilities of $28.1 million.

The most recent proposal, sponsored by Sen. Scott Rupp, R-St. Charles County, would allow the surcharge on businesses to be raised incrementally up to 6 percent in two years. It would also lower the interest rate paid on delayed benefits, restrict eligibility and eliminate permanent partial disability benefits.

Rupp’s bill was reported out of committee on Tuesday, Jan. 29, and is on the Missouri Senate calendar for debate.