New Mexico Workers' Compensation Payroll Assessment: New Material Added to Employment Law Manual

Author: Rena Pirsos, XpertHR Legal Editor

Certain New Mexico employers are required to obtain workers' compensation insurance and others may elect to provide it. Once covered, an employer must withhold a quarterly assessment from its employees' pay to fund the state Workers' Compensation Administration. Covered and electing employers also pay a fee and must report and remit the amount withheld on a quarterly basis. Penalties may be imposed on an employer that fails to comply with these requirements.

To help an employer stay compliant, a new subsection explaining the employer requirements regarding the New Mexico Workers' Compensation Payroll Assessment has been added to the Employment Law Manual.