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Helena officials weigh switching workers’ compensation coverage to state fund to cut costs
Summary
City finance staff said switching workers’ compensation coverage to the Montana State Fund could lower Helena’s annual workers’ compensation costs by roughly $283,700 citywide and about $163,900 for the general fund.
City finance staff told the Helena City Commission on April 16 that switching the city’s workers’ compensation coverage from the Montana Municipal Interlocal Authority (MMIA) pool to the Montana State Fund could materially reduce the city’s costs.
“By moving away from MMIA and over to the Montana State Fund, it could have a potential annual impact, of savings to the city of $283,700,” Director Danielson said, noting the finance office and HR had requested quotes and that budget analyst Casey Ransom prepared an analysis. Danielson also said the State Fund could pay an annual dividend that might deliver additional savings to the city.
Why it matters: The city has been part of a pooled self-insurance program for…
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