As the legislature struggles to balance the budget in these difficult economic times, they have started to look toward the State’s workers’ compensation fund, Pinnacol Assurance. A Joint Budget Committee bill, SB09-273, would, if passed, change the laws “to allow the State to make use of certain funds authorized by statute to be collected by Pinnacol Assurance, and…augmenting state revenues by requiring the transmittal of certain surplus funds of Pinnacol Assurance to the State Treasury…” The State has long been keeping watch over Pinnacol, frequently auditing the company. For more information on Pinnacol’s financial situation, see their most recent financial statements, available both online and in print from our library. Previous years’ financial statements are also available. Visit our library or, for online reports, visit the State Auditor’s website.
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