Large Increase in Oregon Average Weekly Wage
The Workers’ Compensation Division issued the revised Bulletin 111 May 18, 2015. According to the Bulletin, Oregon’s State Average Weekly Wage (SAWW) increased 3.8% in the last year from $888.38 to $922.39. The increased Average Weekly Wage is effective July 1, 2015. The TTD rate on open claims will increase according to the new SAWW, subject to the maximum statutory rate ($1,226.78). The large increase in the SAWW will likely have an effect on premium rates next year. The complete Bulletin 111 is available for review at http://www.wcd.oregon.gov/policy/bulletins/docconv_12819/bul_111.pdf.
If you have any questions regarding the revised bulletin, please contact me at email@example.com.