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Nevada comp regulators announce 5.5% increase in benefits

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The Nevada Workers’ Compensation Section announced that the maximum monthly benefit increased 5.5% at the start of July because of an increase in the state’s average weekly wage.

The average weekly wage increased to $1,125.45 from $1,066.64 in 2021. The average monthly wage — equal to 150% of the weekly wage multiplied by 4.33 — increased to $7,309.80 from $6,927.83.

With workers comp benefits capped at two-thirds of the average monthly wage, the maximum benefit for fiscal year 2023 is $4,873.20 per month.

If the earned wage on the date of injury was less than $7,309.80 per month, compensation is two-thirds of the actual earned wage.

WorkCompCentral is a sister publication of Business Insurance. More stories here.

 



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