July 19, 2004

Workers currently receiving Washington workers’ comp time-loss or pension benefits received a 2.3 percent cost-of-living increase effective July 1. The new maximum monthly benefit is $3,879.40 or 120 percent of the state’s average monthly wage for workers injured after June 30, 1996. The increase is based on the average annual wage of all workers in Washington. That wage—set by the Employment Security Department—rose to $38,794, or 2.3 percent in 2003 from $37,940 in 2002. State law requires that maximum benefits be re-calculated each July 1 to reflect the change in the state’s average wage from the previous calendar year. An injured worker’s maximum time-loss or pension rate coincides with the date of their injury. For workers injured between July 1, 1995, and June 30, 1996, the maximum monthly benefit will rise to $3,717.75. Injuries occurring July 1, 1994, through June 30, 1995, will have a maximum rate of $3,556.11. Injuries on July 1, 1993, through June 30, 1994, will have a maximum rate of $3,394.47. The new monthly maximum for injuries occurring July 1, 1988, through June 30, 1993, will be $3,232.83. Maximum time-loss and pension benefits for injuries occurring before July 1, 1988, amount to 75 percent of the state’s average wage or $2,424.62 a month. The amounts differ because over the last decade the state Legislature increased the benefits based on when a worker was injured or became ill. The July 1 increase applies to both State Fund and self-insured employers.

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Insurance Journal West July 19, 2004
July 19, 2004
Insurance Journal West Magazine