Governor  Dannel P. Malloy

Second Injury Fund

Year in Review

During Fiscal Year 2016, the Second Injury Fund:

  • Announced that the assessment rate would remain at 2.75% for insured employers and 3.25% for self-insured employers for Fiscal Year 2017. This marks the eighteenth consecutive year in which the Second Injury Fund either reduced or maintained assessment rates - representing the longest period of time without a rate increase. The cumulative savings to Connecticut businesses since 1999 is estimated at $1.2 billion including $102 million in projected savings for Fiscal Year 2017.
  • Provided $26.5 million in indemnity, medical and settlement payments to injured workers. The number of injured workers receiving bi-weekly benefits (indemnity payments) was reduced from 274 a year ago to 260.
  • Achieved a total of 183 settlements at a cost of $4.9 million through June 30, 2016.
  • Realized a total savings of $1.5 million in medical costs, using a Preferred Provider Organization Network offered by contracted medical vendors.
  • Reserves (estimated unfunded liability) for all open claims were $361 million, a decrease of $23 million (6%) from a year ago.
  • As of June 30, 2016, the Fund’s open claim inventory was 2,847. Since 1999, the caseload has dropped from 5,644.
  • Worked with the Second Injury Fund Advisory Board to help the Fund carry out its mission.
Open Claims
Value of Reserves