SDML Work Comp Fund
Announces Slight Net Rate Increase for 2024
The SDML WC Fund Board of Trustees met on July 14th and moved to decrease the Renewal Credit from 25% to 22% for 2024 Renewals. The result is a slight 3% net rate increase for 2024. The reason for the increase is inflation and interest rates.
Even with the 3% increase, the SDML WC Fund has lowered rates 7% over the last 5 years. This maintains the goal of rate stability for our members.
Feel free to contact Brad Wilson, Administrator, if you have any questions. Thank you and we appreciate your business.
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