The U.S. Department of Labor has issued new data showing California’s State Average Weekly Wage edged down 0.48 percent from $1,650 to $1,642 in the 12 months ending March 31, 2023.
The California Workers’ Compensation Institute notes there will be no change in California’s minimum and maximum temporary total disability and permanent total disability rates for 2024 work injuries, or in other benefits that are tied to increases in the SAWW.
Under California law, minimum and maximum TTD and PTD rates are subject to annual changes, effective January 1 of each year, based on the percentage increase in the SAWW. After increasing steadily for more than a decade, including a 5.159 percent increase last January on top of a record 13.521 percent increase in 2022, the maximum TTD/PTD rate for 2023 job injuries is now $1,619.15 per week, and the minimum is $242.86 per week. But, with the decline in the SAWW last year, those rates will not need to be adjusted for claims with injury dates on or after January 1, 2024.
The 2022-2023 decline in the SAWW also means that annual cost of living adjustments to life pension and PTD payments on existing claims with injury dates on or after January 1, 2003 will not apply next January, and the maximum rate for death benefit installment payments, which are paid in the same manner and amount as TTD, will remain unchanged.
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