COLA to Increase PTD and Survivors' Benefits Claims by 2.3%

Two bills passed by the Nevada Legislature in 2019 are enacting increases for all permanent total disability and survivors’ benefits claims, according to the state Department of Industrial Relations. Cost-of-living adjustments will raise PTD and survivors’ benefits by 2.3% following the passage of Senate Bill 377 and Assembly Bill 370, which require insurers to pay an annual COLA increase. Expenses related to COLA payments should be included as part of reported claims expenditures and are included in the calculation of the Workers’ Compensation and Safety Fund Assessment fo...