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Are workers’ compensation laws keeping up with changing demographics?

Workers' Compensation Perspectives

For more than twenty years I have been speaking about demographic change to workers’ compensation insurers in the hopes of spurring policy changes in advance of an aging workforce and greater numbers of older workers in the workplace. in (Q1 2002). Many workers’ compensation systems impose limits on benefits for older workers.

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Are Workers’ Compensation benefits protected against the rising cost of living?

Workers' Compensation Perspectives

To forestall this eventuality, the majority of North American workers’ compensation jurisdictions adjust periodic payments (sometimes called workers’ compensation pensions or permanent disability payments) to account for increases in the cost of living. And exactly whose basket we are considering can make a big difference.