Definitions for "Second injury fund"
State of Connecticut fund used to provide payment of workers' compensation benefits and/or other payments in certain workers' compensation cases. The Fund is provided by assessments on all Connecticut employers and is in the custody of the State Treasurer.
A special fund, technically known in New York as the Special Disability Fund, which assumes, in certain cases, part of the permanent disability liability resulting from injuries to previously handicapped workers. The fund, which is funded by assessments against carriers and self-insureds, was created to assure handicapped workers receive full workers' compensation benefits, while encouraging employers to hire physically handicapped persons by protecting them against disproportionate liability in the event of subsequent employment injury.
In workers' compensation, a program administered by the state to pay for the covered disabilities of injured workers with preexisting conditions. The agency is generally funded by assessments on private underwriters of workers' compensation insurance.