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.

 

***   E-FILE/E-PAY   ***

We are pleased to announce our NEW Quarterly Premium Report Online System (E-File/E-Pay). This system provides companies with a secure, convenient, and fee-free option for assessment reporting and payment.  For more details on the E-File/E-Pay system, please see the FAQs on our website or call 502-573-3505.

 

File Your QPR Online 

 

IMPORTANT:
 
If you file electronically, you must remit a corresponding EFT payment.
 
Electronic reports in "Pending" status are not complete until electronic payment has been fully processed.
 
Prior to submitting payment, please ensure there is no debit block filter on your bank account. Rejection of electronic payment due to a debit block is the responsibility of the payee and will be subject to late filing penalty and interest until fully processed.
 
 

 

2015 Assessment Rates

The Funding Commission has adopted the following assessment rates for calendar year 2015:
  • All Employers Rate of 6.17%
  • Additional Coal Rate of 5.18%
  • Severed Coal Assessment of 4.92 cents per ton
Please be advised that all rates above have changed from the previous year.
 
 
 

             VACANCY ANNOUNCEMENT

 
*******   SPECIAL NON-MERIT RECRUITMENT VACANCY ANNOUNCEMENT   *******

Classification Title – Insurance Compliance Auditor I
 
Salary Range – Minimum:  $36,000 – Midpoint:  $45,225
 
Agency – Kentucky Workers’ Compensation Funding Commission
 
Work Location – 42 Mill Creek Park, Frankfort, KY 40602-1128
 
Agency Comments – This position is Ungraded, Non – Merit position
 
General Job Duties – This position performs entry level field audits of insurance carriers to ensure compliance with statutes and
regulations.  Assist senior audit staff in conducting complex level field audits.  Participates in research and receives training.  Assist
in planning and organizing field audits.  Perform other duties as assigned.
 
Requirements – Education: Bachelor’s degree in accounting, finance or related business field.  Experience: Minimum of one (1) year of
insurance auditing experience or three (3) of financial or regulatory auditing experience.  Experience working with Microsoft Word, Excel
and databases.  Strong communication skills with the ability to write and present material clearly.  Please provide examples.  Must have
valid driver’s license.  Must be willing to travel.
 
General Benefits – Standard state benefits: health and life insurance, vacation and sick leave, holiday pay, retirement and optional
deferred compensation plan.
 
Application – To apply, please send a copy of your resume via e-mail to:     Renee.Haddix@ky.gov.
 
Or:   Insurance Compliance Auditor I Vacancy
        KWCFC
        42 Mill Creek Park
        PO Box 1128
        Frankfort, KY 40602-1128
 
Deadline – September 9, 2015
 
The Commonwealth of Kentucky does not discriminate on the basis of race, color, national origin, sex, religion, age, or disability in the
admission or access to, or participation or employment in, its programs or services.
 

 

Office Contact

Kentucky Workers' Compensation Funding Commission

42 Mill Creek Park
PO Box 1128
Frankfort, KY 40602-1128

 

(502) 573-3505 - Office

(502) 573-4923 - Fax