According to a press release from the Pennsylvania Department of Insurance, a 5.7 percent decrease in overall workers’ compensation costs has been approved that could result in $160 million in savings for Pennsylvania employers.
“Pennsylvania employers are able to benefit from the outstanding job they are doing to provide safer workplaces,” said Labor & Industry Secretary Julia Hearthway. She added, “There are 9,652 businesses enrolled in our Certified Workplace Safety Committee program, so they will receive an additional five-percent discount. More than 1.3 million people work at businesses with a certified safety committee.”
Although some will see rates go up and some will see no change, employers can expect a 5.7 percent rate decrease on average in 2012.