The maximum compensation rate for injuries and deaths occurring in 2014 will increase by 2.9% because of an increase in the state’s average weekly wage, the Alaska Workers’ Compensation Division said on Monday.Maximum compensation, which is capped at 120% of the average weekly wage, will increase to $1,143 in 2014 from $1,110 in 2013. The minimum compensation rate, which is 22% of the maximum benefit amount, will increase to $251 from $244.The rate increases were triggered by escalating average weekly wages, which increased to $952.15 from $925.12, according to the commissioner of ...
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