Pension And Time-Loss Benefits Increase 3.4% On July 1, 2013
For most workers injured before July 1, 2012, time-loss and pension benefit payments will increase 3.4 percent based on an increase in the state's average wage. The increase was announced by the Department of Employment Security on June 12.
State law requires that benefits be recalculated each year to reflect the change in the state’s average wage from the previous calendar year.
The increase also applies to pension benefits paid to family members of those who died because of a work-related accident or disease.
As a result of the increase, the new maximum monthly benefit will be $5,159.50, or 120 percent of the state’s average monthly wage. Less than 4 percent of L&I claimants receiving wage-replacement benefits collect the maximum.
The increase became effective July 1, 2013.