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What is the maximum weekly compensation rate?

April 26, 2017compensation maximum rate

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What is the maximum weekly compensation rate?

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The maximum compensation for 2008 is 2/3 of your average weekly wage, not to exceed $661.29. In terms of total disability for 500 weeks, the maximum commuted lump sum compensation award for 2008 is $270,001.80. Generally, an individual must have earned $51,555 annually ($991.44 weekly) or more during the four quarters immediately preceding the quarter in which an accident occurs in order to be paid at the maximum compensation rate.