The workers’ compensation yearly experience review was changed on August 8th, 2023, by Act No. 85-2023, effective immediately, to offer an additional one-time fixed 5% special discount on premiums for establishments without occupational accidents for two years in a row. Experience-based discounts have historically been set by the Corporación del Fondo del Seguro del Estado in accordance with regulations and not specific legislative mandates.
Prior reference: https://www.npclawyers.com/puerto-rico-slashes-workers-comp-premiums-by-half-for-most-employers-effective-july-1st-2023-and-proposes-doubling-weekly-allowances-and-instituting-cost-of-living-adjustments-for-all-inju : Published June 27, 2023
