Another Year, a Higher Maximum Compensation Rate

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We generally are pleased with the economy when it grows and income rises.  Last year was no different.  While income increased on average only a small percentage, our maximum compensation rate, which is tied to the state’s average income, rose with it.

The 2017 maximum compensation rate is $806.92.  It is equal to the average weekly wage in this State for the preceding fiscal year and is set on January 1 of each year.  Compensation rate is 66 2/3 % of average weekly wage, so any person making $1,210.32 or more in weekly earnings will be limited to $806.92.

In 2016, the maximum compensation rate was $784.03.  So 2017 represents an increase of 3% in maximum compensation rate.  To put that into prospective, from 2007 to 2017, the maximum compensation rate rose almost 25% over that ten year period.  The increase in growth has been steady, so the rise in maximum compensation rate is likewise steady.


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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