December 8, 2023
The Florida Division of Workers’ Compensation has released the maximum weekly wage benefit for 2024 and it’s the largest two-year jump in wages in more than four decades.
Florida law sets the maximum indemnity benefit for injured workers at 100% of the average weekly wage in the state. The average wage rose from $1,099 in 2021 to $1,260 this year – a 15% increase. That much of an increase has not been since the high-inflation days of 1980, which saw a 20% spike in wages from two years earlier, according to a rate table from the DWC.
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