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| 1 | SENATE RESOLUTION
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| 2 | WHEREAS, In response to concerns regarding premium costs | ||||||
| 3 | for Illinois employers responsible for providing Workers' | ||||||
| 4 | Compensation Insurance coverage for their employees, the State | ||||||
| 5 | of Illinois enacted Public Act 97-0018 which created a | ||||||
| 6 | substantial reduction in benefits for injured workers, with the | ||||||
| 7 | intention of providing employers relief from the high costs of | ||||||
| 8 | workers' compensation premiums; and
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| 9 | WHEREAS, As a result of this Act, the National Council on | ||||||
| 10 | Compensation Insurance has subsequently recommended premium | ||||||
| 11 | rate reductions totaling nearly 20% for Illinois employers; and
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| 12 | WHEREAS, If fully implemented by insurers, such a rate | ||||||
| 13 | reduction would provide Illinois' employers with nearly $1 | ||||||
| 14 | billion in premium savings; and
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| 15 | WHEREAS, Employers have experienced premium reductions of | ||||||
| 16 | $315 million, which represents only a fraction of the $1 | ||||||
| 17 | billion that would have been saved via full implementation of | ||||||
| 18 | the recommended rate reductions; therefore, be it
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| 19 | RESOLVED, BY THE SENATE OF THE NINETY-NINTH GENERAL | ||||||
| 20 | ASSEMBLY OF THE STATE OF ILLINOIS, that there is created the | ||||||
| 21 | Workers' Compensation Premium Rates Task Force consisting of 12 | ||||||
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| 1 | members appointed as follows: 2 legislative members appointed | ||||||
| 2 | by the Speaker of the House of Representatives; 2 legislative | ||||||
| 3 | members appointed by the Minority Leader of the House of | ||||||
| 4 | Representatives; 2 legislative members appointed by the | ||||||
| 5 | President of the Senate; 2 legislative members appointed by the | ||||||
| 6 | Minority Leader of the Senate; one member representing a | ||||||
| 7 | statewide association representing retailers; one member of a | ||||||
| 8 | statewide association representing manufacturers; one member | ||||||
| 9 | of a statewide association representing labor interests; and | ||||||
| 10 | one member of a statewide association representing injured | ||||||
| 11 | workers; 2 chairpersons, representing different political | ||||||
| 12 | parties, shall be selected by the members of the Task Force; | ||||||
| 13 | and be it further
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| 14 | RESOLVED, That the Task Force shall study the National | ||||||
| 15 | Council on Compensation Insurance's recommendations for | ||||||
| 16 | workers' compensation premium rates and the extent to which | ||||||
| 17 | Illinois employers' actual premiums reflect these recommended | ||||||
| 18 | rates; and be it further | ||||||
| 19 | RESOLVED, That the Task Force shall report its findings and | ||||||
| 20 | recommendations to the Illinois House of Representatives and | ||||||
| 21 | the Illinois Senate no later than December 31, 2015.
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