Tagged in: PTD
Temporary Total Disability Benefits Increase For 2017
The state’s minimum and maximum temporary total disability (TTD) rates for workers’ comp claims are increasing effective Jan. 1, 2017. The minimum TTD rate will increase from $169.26 to $175.88, and the maximum TTD rate will increase from $1,128.43 to $1,172.57 per week, the Division of Workers’ Compensation announced. The TTD rates are increasing in …
Workers’ Comp Costs Hidden In Minimum Wage Hike
California is on the path to raising minimum wage rates 50% to $15 per hour and experts agree that the change will have a significant impact on employers’ workers’ comp costs. The cost implications are greatest for those with large numbers of minimum wage workers, but the impact will not necessarily stop just with them. …
2013 Temporary Total Disability Rates Boost Workers’ Comp Benefits
On Jan. 1, 2013, the minimum weekly TTD rate will increase to $160 and the maximum TTD rate will increase to $1,066.72, according to a notice from the Division of Workers’ Compensation. Last year’s minimum and maximum were $151.57 and $1010.50 respectively. In addition to the TTD rates, in the 12 months ended March 31, …
Average Weekly Wage Increase Boosts Benefits
In spite of California’s rough economy, workers still on the job in the Golden State on average earn more, according to new wage data from the U.S. Department of Labor. And that increase puts workers’ comp carriers, third-party administrators and self-insured employers on notice to increase benefit payments for several classes of injured workers. According …
Carriers And Self-Insureds Overlook Costly Time Bomb At Their Peril
OAKLAND—Payors may be wholly unprepared for “sticker shock” when cost-of-living adjustment (COLA) payments attached to workers’ comp life pensions kick in, regulators warn. It’s been a ticking time bomb since 2003 when AB 749 took effect, linking life pensions and total permanent disability to the state average weekly wage (SAWW). Blair Megowan of the Division …