Missouri's Second Injury Fund running out of money

Monday, February 7, 2011 | 4:48 p.m. CST

JEFFERSON CITY — Missouri Attorney General Chris Koster is warning lawmakers that a state fund for injured workers is rapidly running out of money and demands quick action.

Missouri's Second Injury Fund compensates previously injured or disabled workers who suffer additional injuries on the job. Studies have warned for several years that the fund is nearing insolvency, but lawmakers have been unable to agree on a solution.

Koster told a House committee Monday that the Second Injury Fund could be temporarily insolvent by next month. Koster says the fund then is projected to briefly recover before becoming permanently insolvent about the mid-point of 2011. Koster says the collapse of the fund likely would prompt a lawsuit from those pursuing claims. It also would cause 39 people in his office to be laid off.

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