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1
SENATE RESOLUTION

 
2    WHEREAS, In response to concerns regarding premium costs
3for Illinois employers responsible for providing Workers'
4Compensation Insurance coverage for their employees, the State
5of Illinois enacted Public Act 97-0018 which created a
6substantial reduction in benefits for injured workers, with the
7intention of providing employers relief from the high costs of
8workers' compensation premiums; and
 
9    WHEREAS, As a result of this Act, the National Council on
10Compensation Insurance has subsequently recommended premium
11rate reductions totaling nearly 20% for Illinois employers; and
 
12    WHEREAS, If fully implemented by insurers, such a rate
13reduction would provide Illinois' employers with nearly $1
14billion in premium savings; and
 
15    WHEREAS, Employers have experienced premium reductions of
16$315 million, which represents only a fraction of the $1
17billion that would have been saved via full implementation of
18the recommended rate reductions; therefore, be it
 
19    RESOLVED, BY THE SENATE OF THE NINETY-NINTH GENERAL
20ASSEMBLY OF THE STATE OF ILLINOIS, that there is created the
21Workers' Compensation Premium Rates Task Force consisting of 12

 

 

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1members appointed as follows: 2 legislative members appointed
2by the Speaker of the House of Representatives; 2 legislative
3members appointed by the Minority Leader of the House of
4Representatives; 2 legislative members appointed by the
5President of the Senate; 2 legislative members appointed by the
6Minority Leader of the Senate; one member representing a
7statewide association representing retailers; one member of a
8statewide association representing manufacturers; one member
9of a statewide association representing labor interests; and
10one member of a statewide association representing injured
11workers; 2 chairpersons, representing different political
12parties, shall be selected by the members of the Task Force;
13and be it further
 
14    RESOLVED, That the Task Force shall study the National
15Council on Compensation Insurance's recommendations for
16workers' compensation premium rates and the extent to which
17Illinois employers' actual premiums reflect these recommended
18rates; and be it further
 
19    RESOLVED, That the Task Force shall report its findings and
20recommendations to the Illinois House of Representatives and
21the Illinois Senate no later than December 31, 2015.