Workers Compensation California And The Increasing Of Disability Costs
In the beginning of 2012, CA Workers Comp legislators plan on increasing the rates for temporary total disability
. Both the minimum as well as the maximum TTD (temporary total disability) rates will be effected by this change.
Workers Compensation California states that these changes are based on the Labor Code that requires the rates for temporary total disability to increase in correlation to the state average weekly wage. This SAWW (the state average weekly wage) is the wage that is paid to workers who are covered by CA Workers Comp and as reported by the Dept. of Labor. Each year, the SAWW is compared to that of the last calendar year; its percentage of increase is the barometer for the change in TTD. So, as the states average weekly wage increases, by say five percent, the Workers Compensation California rate for temporary total disability will increase by five percent as well. Workers Compensation California notes that the state of California has seen an increase in wages and therefore is required to increase the TTD (temporary total disability.)
CA Workers Comp reports that these changes will affect any worker who is collecting such benefits for an injury that occurred any time after the first of January of the year 2003.
These changes will also affect workers who are collecting life pensions or who are collecting permanent total disability benefits, according to Workers Compensation California. This is due to section 4650-c of the Labor Code.
Workers Compensation California is keeping up with the economic changes that shape its state and ensuring that all those who it protects and provides for are in line with these changes. Although this may affect some carriers premiums, it also indicates that the CA Workers Comp workers have had their wages adjusted this past year. It is a good thing when the SAWW (states average weekly wage) increases. More money may go out, but more money is coming in. This is part of how Workers Compensation California keeps the economy rolling along.
Its wise to ensure that your Broker keeps your CA Workers Comp premiums in line with changes such as these. A regular conversion with agent or Broker regarding CA Workers Comp is a great way to make sure you always have the right amount of coverage and that your benefits payouts are in accord with what your organization needs. There is no reason for your Workers Compensation California to fall out of order when you work with an experienced Broker you like. CA-ContractorsLiability.com has a wealth of experience with CA Workers Comp and has fast and friendly service and support to help you navigate through all the complexities and details of CA Workers Comp. Workers Compensation California can be made sense of with ease when you work with these pros.
by: Brian Lehr
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