| Author | Subject: Re: SAIF Propaganda |
| Tommy | Posted At 00:43:58 04/14/2000
Employees don't pay worker's comp premiums, but they pay a couple of dollars a month as part of an assessment collected by the State to help pay for the Employer at Injury Program, (EAIP), a program that subsidizes injured worker's wages while they are recovering from their injury and released to light duty work, and to help pay for inflationary increases in benefits to widows and children. In essence, it is another State tax and is unrelated to the premiums paid by employers for workers' compensation benefits. You appear to be confusing dividends returned to employers from SAIF Corp. based upon the individual employers losses with settlement money that stemmed from a lawsuit brought by employers against the State of Oregon. This law suit was based upon the State's unlawfully taking of reserves from SAIF Corporation which is composed of premium paid by employers and investment income derived from this premium. As part of the settlement, the litigants (employers) agreed to take two payments from the State of Oregon for a total of $145 million and SAIF Corporation was given the remaining $80 million. However, SAIF's Board of Directors decided to return the remaining $80 million and any interest earned on this money to the employers that were affected by this unlawful seizure by the State. |
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