Remove Commissions Remove Compensation System Remove Medical Remove Pension
article thumbnail

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.

article thumbnail

Workers’ Compensation: What’s payroll got to do with it?

Workers' Compensation Perspectives

Each employer’s total premium is the sum of the premiums paid for each classification of workers covered by workers’ compensation based on a premium rate (usually expressed as a dollar cost per $100 of payroll) applied to the reportable payroll for workers in each classification. What’s Reportable as Payroll for Workers’ Compensation?