Welcome!
The Kentucky Workers' Compensation Funding Commission was created in 1987 for the purposes of controlling, investing, and managing the funds collected to support the Commonwealth's workers' compensation program. The Funding Commission is required to establish the annual assessment rates necessary to fund the various programs.
In addition to funding the payment of Special Fund liabilities, the Kentucky Coal Workers' Pneumoconiosis Fund, and the Uninsured Employers Fund, these assessments finance the administrative operations of the Funding Commission and all programs in the Kentucky Labor Cabinet except Employment Standards, Apprenticeship and Training, and Labor-Management Relations and Mediation.
The Funding Commission is governed by a Board of Directors consisting of seven members. Board members include the Secretaries of Labor, Economic Development, and Finance & Administration Cabinets. In addition, The Governor appoints four members who represent labor, insurance companies writing workers' compensation insurance, employers, and self-insured employers and groups.
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2010 Assessment Rates |
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The Funding Commission has adopted the following Assessment Rates for calendar year 2010:
All Employers Rate of 6.5%
Additional Coal Rate of 0.50%
Severed Coal Assessment of .435 cents per ton severed
Please note that the "All Employers Rate" remains the same as 2009, and the "Coal Additional Rate" is increased from 0.00% in 2009 to 0.50% for 2010.
The Funding Commission has also adopted a Severed Coal Assessment Rate for Calendar Year 2010 of $0.00435, or 0.435 cents, per ton on the total annual amount of tons of coal severed for the period January 1 through December 31, 2010.
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2009 Assessment Rates |
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Assessment Rates for 2009 are listed below:
All Employers Rate 6.5%
Additional Coal Rate 0.0%
Severed Coal Assessment 0 cents per ton severed
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Office Contact |
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Kentucky Workers' Compensation Funding Commission
42 Millcreek Park
P.O. Box 1128
Frankfort, KY 40602-1128
Phone: 502-573-3505
Fax: 502-573-4923
Contact Us:
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Employment Opportunity |
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Premium Auditor
Kentucky Workers' Compensation Funding Commission
Location: Frankfort, KY
Job Duties:
• Conduct audits of insurance carriers.
• Conduct interviews.
• Prepare reports, charts etc.
• Perform other duties as assigned.
Minimum Requirements:
• Bachelors Degree.
• 3 yrs exp. in Insurance Industry auditing/acct.
• Oral and written communication and analytical skills.
• Proficiency in Excel and Microsoft Word.
• Self – starter.
• Think outside the box.
• Substantial travel.
• Must possess valid driver’s license.
Beginning Salary: $33,000.00
Deadline to submit a resume:
Resume must be received at address below by February 25, 2010:
Premium Auditor Vacancy
Kentucky Workers’ Compensation Funding Commission
PO Box 1128
Frankfort, KY 40601-1128
Phone: (502) 573 – 3505
Fax: (502) 573 – 4923
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