Year in Review
During Fiscal Year 2025, 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 $18.4 million in indemnity, medical and settlement payments to injured workers. The number of injured workers receiving bi-weekly benefits (indemnity payments) decreased 7% from 162 a year ago to 151.
- Achieved a total of 162 settlements at a cost of $3.8 million through June 30, 2025.
- Realized a total savings of $1.7 million in medical costs, using a Preferred Provider Organization Network offered by contracted medical vendors.
- Reserves (estimated unfunded liability) for all open claims was $149 million, a decrease of $19 million (13%) from a year ago. As of June 30, 2025, the Fund's open claim inventory was 2,689.
- Worked with the Second Injury Fund Advisory Board to help the Fund carry out its mission.
