May 12, 2011
Jefferson City, MO. -- Attorney General Chris Koster repeated his earlier warnings that the Second Injury Fund is near the end of its sustainability and faces the prospect of collapse. Koster again called on members of the General Assembly to pass reforms for the Second Injury Fund in the final days of the legislative session.
Koster said bipartisan efforts in both chambers of the Legislature have yielded a tentative agreement among the various stakeholders, and he encouraged legislative leaders to enact this agreement.
"For two years the Attorney General's Office has requested guidance from the Legislature concerning the Second Injury Fund and its impending insolvency. If the Legislature fails to act, that failure could potentially saddle the state of Missouri with the liabilities of the Fund. The Legislature's failure to provide direction will leave the Attorney General's Office with a series of unpalatable decisions that could place the state in unnecessary and substantial financial risk."