Year in Review

During Fiscal Year 2026, the Second Injury Fund:

• Assessment rates for insured employers will remain at 2.25% and the rate for self-insured employers will be 2.75%.
• Provided $16.5 million in indemnity, medical and settlement payments to injured workers. The number of injured workers receiving bi-weekly benefits (indemnity payments) decreased from 151 a year ago to 135.

• Achieved a total of 140 settlements at a cost of $4.4 million through June 30, 2026. 

• Realized a total savings of $714 thousand in medical costs, using a Preferred Provider Organization Network offered by contracted medical vendors. 

• Reserves (estimated unfunded liability) for all open claims was $134 million, a decrease of $15 million (10%) from a year ago. As of June 30, 2026, the Fund's open claim inventory was 2,149. 

• Worked with the Second Injury Fund Advisory Board to help the Fund carry out its mission.