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New York Posts New Maximum Weekly Benefit Rate Effective July 1, 2012

14 May, 2012 WorkersCompensation.com

                               

New York City, NY (WorkersCompensation.com) - Since July 1, 2010, the maximum weekly benefit rate for workers' compensation has been two-thirds of the New York State average weekly wage for the previous calendar year, as determined by the New York State Department of Labor. Workers' Compensation Law §§ 2(16);15(6). On April 2, 2012, the Department of Labor reported to the Superintendent of the Department of Financial Services that the New York State average weekly wage for 2011 was $1,188.10. Accordingly, for workers' compensation claims with dates of accident or dates of disablement during the period from July 1, 2012 through June 30, 2013, the maximum weekly benefit rate will decrease.

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