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Senate committee debates raising weekly average cap to cover higher wages in SB308
Summary
SB308 would raise the workers' compensation weekly average cap to reflect a $150,000 annual income threshold; supporters said it corrects an inequity for higher-paid injured workers, while insurers and self-insured employers warned of actuarial cost increases and higher premiums.
Senator Derek Harvey presented SB308 to the Finance and Claims committee, seeking to change the workers' compensation weekly average so that the benefit calculation reflects up to $150,000 in annual earnings instead of the current statutory threshold. Harvey framed the issue as addressing a "hole" in the system that shortchanges higher-wage workers: "What this bill just seeks to do is it take it from 52,000 annual income up to a 150,000 annual income…
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