Reducing Liabilities

As part of the plan to make the Second Injury Fund more fiscally sound, the Fund has implemented systematic claim reviews to resolve claims through proactive claims management and settlement, or by identifying fraudulent claims.

As of June 30, 2019:

Open Claims - The Fund reduced the number of open claims by 7% since Fiscal Year 2010.

Reducing Weekly Payouts - The number of injured workers receiving weekly benefits (indemnity, medical and both) was reduced by 38% from 472 as of July 1, 2010 to 291 as of June 30, 2019.

Estimated Unfunded Liability - Reserves (the estimated unfunded liability) for all open claims was reduced by 35% since Fiscal Year 2010.