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Virginia Formula Triggers Hike in Comp Limits

Thursday, July 27, 2006 | 0

Workers injured in Virginia at the lowest and highest ends of the wage spectrum would receive about 5% more in workers' compensation this year, based on a formula tied to the state's average wages. The Virginia Worker's Compensation Commission announced that effective July 1 the weekly minimum for worker's compensation will be $193.25 and the maximum will be $773. That's up 4.9% from $184 for the minimum established July 1, 2005 and up 4.8% from $736 for the maximum. Based on a similar formula, the system's cost-of-living adjustment (COLA) will increase benefits for temporary total disabilit...

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