Generally, the weekly rate of compensation is expected to be approximately 80 percent of your “average weekly spendable earnings.” Your spendable earnings are actually representative of your gross weekly earnings, having your payroll taxes taken out. This is because your workers’ compensation benefits themselves are not taxable. In short, your average spendable earnings are the basis for the calculation of…
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Workers’ Compensation Posted On: October 8th, 2012
Does Social Security Disability Impact My Workers’ Compensation?
Social security is not just a system that provides benefits for people who have voluntarily stopped working after reaching the required age, but also provides benefits to people who have medical conditions that no longer allow them to work. Whether you qualify for these ‘disability’ benefits will be determined by the Social Security Administration, but the general requirements are that…