What is the goal of the annual benefit adjustment process by the Commission?

The goal of the annual benefit adjustment process by the Commission is to ensure that workers' compensation benefits are aligned with the state average weekly wage. This adjustment is crucial because it helps maintain the purchasing power of benefits in relation to the economic conditions and wage growth within the state. As the state average weekly wage increases or decreases, the compensation benefits may also need to be adjusted to reflect these changes, ensuring that injured workers receive fair and adequate support that corresponds to the current economic realities.

Aligning benefits with the state average weekly wage is vital for the sustainability and equity of the workers' compensation system, as it ensures that workers are not left behind financially due to stagnant benefits in a rising wage environment. This process helps to provide a safety net for those affected by work-related injuries, facilitating a more balanced approach to compensation in the workforce.