From the Governor's office on 12/1/11 comes this news:
"Eighty-eight percent of Washington’s businesses will pay a lower unemployment tax rate in 2012 than they pay today. This decrease will save businesses an estimated $207 million in 2012 – in addition to $300 million in 2011 savings. Overall workers’ compensation insurance rates will not increase, which will save businesses an estimated $150 million in 2012."
An important caution, however...
...While good news for employers, the Department of Labor & Industries cautions that while there will be no
overall rate increase, individual employers may see their rates go up or down,
depending on their recent claims history and changes in the frequency and cost
of claims in their industry. L&I has published a rate table online and will
soon send all employers a rate notice.
By way of background, L & I
proposed a 2.5 percent increase in September 2011. The decision to hold overall rates flat in
2012 is due to public testimony about the impact of the recession and recent
positive trends in claims duration, according to L&I Director Judy Schurke.
"At public hearings this
fall, business owners told us they are struggling to keep doors open and
workers employed, and that they can’t afford even a small increase in rates in
this economy,” said Schurke. “Their feedback and the latest positive trends
influenced this decision."
These rates will take effect January 1, 2012.
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