Monday, July 11, 2016

Memorandum to Adjusters RE: Annual Adjustment of Workers' Compensation Benefits

TO:                         All Workers’ Compensation Insurance Carriers, Adjusters and Self-Insureds

FROM:                  J. Stephen Monahan, Director
                                Workers’ Compensation and Safety Division

DATE:                    July 11, 2016

SUBJECT:             Annual Adjustment of Workers’ Compensation Benefits
 



The new Form 28(FY17) and the Form 28A(FY17), which you should use to update claimant’s rates as of July 1, 2016, are now available.  You can download both forms from the web site at: http://labor.vermont.gov/forms/#comp.  

The new maximum for those injuries arising after June 30, 1986 is $1,259.00.  The new maximum for injuries prior to that date is $839.00.  The minimum in all cases is $420.00.


Please be aware of the new requirement to forward a copy to the injured worker or dependent:

Rule 8.2010 The employer or insurance carrier shall file a Notice of Change in Compensation Rate (Form 28) with the Commissioner by July 1st annually as to any injured worker or dependent who is receiving indemnity benefits as of that date and who is entitled to an adjustment of compensation in accordance with this Rule. Concurrent with the filing, the employer or insurance carrier shall mail a copy of the Notice of Change in Compensation Rate to the injured worker or if appropriate, to his or her dependent(s).