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Monday, November 21, 2022
DWC Announces Increase in Disability Rates
- State: California
- Topic: WEST
- - Popular with: Legal
- - 0 shares
The California Division of Workers’ Compensation announced that the 2023 minimum and maximum t…
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One Comment
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Howard J Nov 21, 2022 a 8:01 am PST
There is less and less difference between the minimum TD rate and the maximum PD rate, a situation that needs to be addressed (and soon!) The maximum rate payable for Permanent Disability has not increased since 2014. According to the American Institute of Economic Research, it would now take $355.64 to purchase what you could get for $290.00 in 2014,
-Howard Stevens
Mark Gearheart Nov 22, 2022 a 10:38 am PST
The partial PD max rate ($290/week) is less than the minimum wage. Insurance profits are up. Premiums are down. Mark Gearheart