TTD RATES REMAIN UNCHANGED FOR 2024
The DWC announced on November 27, 2023 that the new minimum and maximum temporary total disability indemnity rates will remain unchanged from 2023 at $242.86 as the minimum and $1,619.15 as the maximum rates.
The rates are based upon the State Average Weekly Wage, which from March 2022 to March 2023 actually decreased from $1,651 to $1,642.
Note that while the TTD rates remain unchanged, a worker's rate in 2024 may nevertheless increase based upon the increase in the minimum hourly rate in California effective January 1, 2024. For example, TTD benefits being paid based upon a worker's minimum $15.50 per hour wage rate in 2023 would have to be modified based upon a new $16 per hour minimum wage rate in 2024.
[COMMENT: An unchanged rate will be welcomed by employers after 5.16% increase for 2023 and a head-scratching increase of 13.52% increase in 2022 for alleged higher earnings in 2021 during the COVID pandemic.]
|