Today is a historic day for employers in the State of Oklahoma. Governor Mary Fallin signed legislation eliminating the current court-based workers’ compensation system and replacing it with a system that gives employers three options:
Participate in an administrative system for resolving occupational injuries
Establish an employee benefit plan that offers the same benefits as the administrative system
Set up an arbitration program.
The new system applies for accidents occurring on or after February 1, 2014.
McAfee & Taft worked hard behind the scenes to support this legislation. We will be hosting free seminars in Oklahoma City on June 19 (Wednesday) and in Tulsa on June 20 (Thursday) to discuss what employers should be thinking about when they choose from the three new options. We will provide more details about the seminar very soon.