Tag: NYSIF

Gov. Hochul: DFS approves workers’ compensation premium cuts; state employers to see average 22% reduction

Governor Hochul’s office said DFS approved a statewide workers’ compensation rate cut averaging 22%, effective Oct. 1, 2026, with combined employer and insurer savings the release pegs at more than $1.7 billion.

Hochul, DFS announce average 22% cut to workers’ compensation rates; administration says $1.7B+ in statewide savings

DFS approved an average 22% reduction in New York workers' compensation premium rates, effective Oct. 1, 2026; the administration says the change and NYSIF dividends amount to more than $1.7 billion in statewide savings.
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