Are Workers’ Compensation benefits protected against the rising cost of living?
Workers' Compensation Perspectives
JANUARY 1, 2019
Assuming just 2% CPI each year, the 1% reduction means that the purchasing power of each $100 awarded in 2002 will have grown after 10 years to $110.46 In that state, most workers injured on or before July 1, 2017 will see time-loss and pension benefit payments increase by 5 percent based on the change in the state's average wage.
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