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NY workers-comp reform bill signed into law

ALBANY N.Y. Gov. Eliot Spitzer signed a workers compensation reform bill that should reduce the premium costs for restaurateurs and other employers by 10 percent to 15 percent, officials reported.

There were three major components of the new law:

° Weekly compensation for injured workers will go up 50 percent, to $600 by 2010.

° Lifetime benefits for a small number of claimants known as the "permanently partially disabled" will be capped to a maximum number of years based on the injury.

° The Compensation Insurance Rating Board, which set employers' premium rates, will be eliminated and replaced by a commissioner appointed by the governor. Some critics had described the Board as being controlled by insurers.

New York's workers-comp insurance premiums are believed to be among the highest in the nation.

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