Monday, June 10, 2019

COLA RATE FOR 2020 ESTABLISHED - NEW MAXIMUM AND MINIMUM RATES

MEMORANDUM


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

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

DATE:                    June 7, 2019

SUBJECT:             Annual Adjustment of Workers’ Compensation Benefits
 



The new Form 28(FY20) and the Form 28A(FY20), which you should use to update claimant’s rates as of July 1, 2019, are now available.  You can download both forms from our web site at:  http://labor.vermont.gov/forms/#comp.  Please make copies as needed.

The new maximum for those injuries arising after June 30, 1986 is $1,353.00.  The new maximum for injuries prior to that date is $902.00.  The minimum in all cases is $451.00.

Please be aware of the requirement to forward a copy of the Form 28 to the injured worker or dependent.

The multiplier for FY 2020 is 1.032.