Some economists say a little inflation is a good thing.
Well, when it comes to regulatory compliance, or in
this case non-compliance, it can be a bad thing.
In accordance with the Federal Civil Penalties Inflation Adjustment Improvements Act of 2015, the Department of Labor is required to adjust penalties for inflation each year. As a result, OSHA announced that the new penalty amounts, adjusted for inflation, as of Jan. 2, 2018.
New penalties for willful and repeat violations are $129,336 per violation. Serious, other-than-serious, and posting requirements are $12,934 per violation. Failure to correct violations are $12,934 for each day the conditions continue. These same penalties will be coming soon to a state program near you. More information can be found on the OSHA web page.
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