Author Topic: Compensation tune-up  (Read 3595 times)

pipthom

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Compensation tune-up
« on: August 16, 2013, 05:43:12 PM »
Gov. Andrew Cuomo wants to give 10,000 hard-pressed businesses statewide a break by arranging financing through a public authority to cover $800 million in workers' compensation liabilities.

The unusual arrangement for the private employers -— members of failed, dissolved or defaulted group insurance trusts — will permit the Workers' Compensation Board to tap the Dormitory Authority of the State of New York to issue bonds to cover the liabilities.

If successful, it will take some of the weight off numerous large and small companies that sought insurance coverage for potential worker injuries by uniting under group trusts that shared liabilities jointly and severally.

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andyreynolds

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Compensation tune-up
« Reply #1 on: August 27, 2013, 02:03:13 AM »
Esperemos todo tenga un buen resultado! Seria excelente si esto funciona, pero las empresas tienen que ayudar... hay esta el asunto.

MrTempler

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Re: Compensation tune-up
« Reply #2 on: August 28, 2013, 01:05:06 PM »
Quote
If successful, it will take some of the weight off numerous large and small companies that sought insurance coverage for potential worker injuries by uniting under group trusts that shared liabilities jointly and severally.

How does this work in the long term? I know someone who is supposed to benefit from this but says there is more to this story than what gets to the media. We need to get info on what's really happening on the ground.
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andyreynolds

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Re: Compensation tune-up
« Reply #3 on: August 29, 2013, 08:04:32 PM »
Un gran proyecto que merece la ayuda colectiva y sin medida de este grupo de compañias, que todo sea por el bien y el progreso, esto mantiene tambien muchos hogares si miramos a fondo...

MrTempler

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Re: Compensation tune-up
« Reply #4 on: August 30, 2013, 02:55:22 PM »
If successful, it will take some of the weight off numerous large and small companies that sought insurance coverage for potential worker injuries by uniting under group trusts that shared liabilities jointly and severally.

Which insurance and what small companies are these?
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