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The Precarious State of the Missouri Second Injury Fund (Part B)

The Current State of the Missouri Second Injury Fund

Estimates in early 2011 showed that audits predict the Missouri Second Injury Fund will deplete its reserves by the first quarter of the year.
One audit suggested the funding cap be raised to 5.8% just to make it through the rest of 2011. The current fear is that the fund will not only run out of money, but create a $20 million debt by year's end.

On March 1, 2011 a bill was put before the Missouri state senate to modify the operation and maintenance of the Missouri Second Injury Fund. SR 420 called for a halt on new claims starting with those suffering a work-related accident in Missouri after July 1, 2011. This means only claims for injuries prior to that date will be paid by the fund.

The bill also directs funds to be transferred from the workers' compensation fund to the Missouri Second Injury Fund to maintain solvency. New surcharge percentages to workers' compensation policyholders and self-insurers are also imposed.

How Your St. Louis Workers' Compensation Attorney Can Help

When you suffer a work-related accident in Missouri that results in serious injury there are numerous options you can seek. Aside from your workers' compensation claim you may soon find difficulty in obtaining additional compensation through the Missouri Second Injury Fund.

Until the Missouri Attorney General and the government agencies agree on a longer-term plan for supporting the fund, the stability of the Missouri Second Injury Fund will be in limbo. Claimants who have a St. Louis workers' compensation attorney will benefit from knowing their lawyer is on the ball when it comes to changes in the legislation.

An experienced St. Louis workers' compensation attorney will be on the up-and-up when it comes to the status of the fund and how claims for benefits are being handled. To seek the maximum compensation for your work-related accident in Missouri, contact a St. Louis workers' compensation attorney to discuss your case.

Contacting a St. Louis Workers' Compensation Attorney

Missouri workers' compensation claims can be difficult when you seek additional compensation through the Missouri Second Injury Fund. Before you make a decision on how to handle your case, order a copy of our FREE eBook, How to Handle Your Missouri Workers' Compensation Case Yourself. Our guide explains the Missouri workers' compensation system and helps you decide when it's time to hire an attorney.

When you're ready, contact us to set up a consultation with an experienced St. Louis workers' compensation attorney at Bollwerk & Tatlow, LLC - 314-315-8111.

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