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. Assessments collected fund Special Fund liabilities and the Uninsured Employers' Fund, as well as finance the administrative operations of the Funding Commission and other programs in the Kentucky Education and Labor Cabinet. The Funding Commission also manages a custodial fund for the Self-Insurance Fund. All funds under Funding Commission management are restricted funds.
The Funding Commission is governed by a Board of Directors consisting of seven members. Board members include the Secretaries of Education and 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
KRS 342.122(2)(b) Beginning on January 1, 2020, all assessments shall be electronically remitted to the funding commission quarterly not later than the thirtieth day of the month following the end of the quarter in which the premium is received. Receipt shall be considered timely when filed and remitted using the appropriate electronic pay system as prescribed by the funding commission. Employers carrying their own risk and employers defined in KRS 342.630(2) shall pay the annual assessments in four (4) equal quarterly installments.
Our Online Reporting System (E-File/E-Pay) provides companies with a secure, convenient, and fee-free option for assessment reporting and payment. E-File/E-Pay can also be used to pay audit invoices as well as penalty and interest charges. For more details on the E-File/E-Pay system, please see the FAQs on our website or call 502-573-3505.
E-File/E-Pay
803 KAR 30:010
KWCFC has outlined guidance for assessment calculation in the current regulation, 803 KAR 30:010. Additional information can be found on the Regulations page.
2024 Assessment Rate
The KWCFC Board of Directors met at the regularly scheduled meeting on Wednesday, September 27, 2023 and set the following rate for 2024.
All Employers Rate: 6.53%
On November 16, 2022, the KWCFC Board of Directors made a motion to acknowledge the Coal Workers' Pneumoconiosis Fund shall cease to exist based upon all related requirements of KRS 342.1242 and 1243 having been met by the Funding Commission and KEMI. The motion carried. Please note additional assessments related to the severance or processing of coal are no longer required to be reported on quarterly filings and will not be audited.