Work Comp Refund Possible

The State of Illinois has settled a class action lawsuit filed by business groups alleging that the state had been overcharging employers for worker's comp rates.  The lawsuit alleged that the surcharge had been deliberately set to raise an amount in excess of the money needed to pay for the operations of the Worker's Compensation Commission and was used to generate revenue for the state's general revenue fund.  (This should be shocking news but sadly isn't).  If you are an employer and paid worker's comp insurance between July 1, 2003 and June 30, 2009 this may affect you.  If you paid the "Workers Compensation Commission Operations Fund Surcharge" between those dates you may be eligible for a refund.  You should contact your worker's compensation insurance agent to see if you are entitled to make a claim for refund.  Refunds must be postmarked by June 1, 2010.  For more information, including the claim form, go to http://www.iwcc.il.gov/settlement.htm