According to certain provisions in the budget passed by Congress and signed into law by President Obama on Nov. 2, federal agencies like OSHA could radically increase their penalties in order to account for inflation.
The budget allows federal agencies to institute a one-time “catch up” increase for 2016, after which agencies will adjust penalty amounts annually for inflation. Since OSHA hasn’t adjusted its penalties since the early 1990s, the increase could be drastic.
While the Consumer Price Index has risen by about 80 percent since the last time OSHA adjusted its penalties, language in the legislation caps the increase to a maximum of 150 percent.
For more information about OSHA penalty increases, contact Warren G. Bender Co today and ask about our “Compliance Bulletin: OSHA Penalties to Increase in 2016,” which illustrates potential fee increases.