Workers' Compensation Board Updates Maximum Weekly Benefit Rate
Updated: Jan 30, 2019
The maximum weekly benefit rate for workers’ compensation claimants is two-thirds of the New York State average weekly wage for the previous calendar year, as determined by the New York State Department of Labor (Workers’ Compensation Law §§ 2(16);15(6)).
The Department of Labor reported to the Superintendent of the Department of Financial Services that the New York State average weekly wage for 2017 was $1,357.11. Accordingly, the maximum weekly benefit rate is $904.74 for compensable lost time for workers' compensation claims with dates of accident during the period from July 1, 2018 through June 30, 2019.
See the original posting of this article here.