Tag Archives: Formula

Part 3 of 3: Workers’ Comp Formula

Calculation of wage loss benefits when a disabled employee reaches age 65 or obtains Social Security retirement benefits. Employees on workers’ comp for an extended period will eventually see their weekly checks reduced. This usually happens when a person reaches age 65 or starts collecting Social Security retirement benefits. Insurance companies get a 5% old-age […]

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Part 2 of 3: Workers’ Comp Formula

Calculation of wage loss benefits when the insurance company decides an employee has a post-injury wage earning capacity. Michigan workers’ comp law has undergone changes in the last few years. The most controversial is a reduction for phantom wages. This is when the insurance company decides someone has a post-injury wage earning capacity (PIWEC). PIWEC […]

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Part 1 of 3: Workers’ Comp Formula

Calculation of wage loss benefits when the insurance company makes an error. Most employees hurt at work get medical treatment and quickly return to their jobs. Sometimes an employee is unable to work for a period of time. Wage loss benefits under workers’ comp begin on the 8th day. They continue for as long as […]

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