As we like to point out on this blog, workers’ compensation is an important, even critical, financial resource for those who are injured or become ill as a result of their employment. This is particularly true given the fact that workers’ compensation is generally the only source of compensation available when a worker is injured on the job.
We’ve been taking an extending look at the way workers’ compensation benefits are calculated here in Illinois. We’ve looked briefly at how benefits are calculated for both temporary total and partial injuries, but also for permanent total and partial injuries.
The injured worker benefit fund IWBF was created in 2005. The purpose of this fund was to compensate injured employees who worked for uninsured employers. The injured worker benefit fund receives its funding from collecting penalties and fines from employers who did not carry workers' compensation insurance. The State Treasure is ex-officio custodian of the fund. Without IWBF, employees of uninsured employers are unable to collect benefits.
This is our fourth post in a series dealing with the calculation of workers’ compensation benefits. Last time, we began speaking about the various types of permanent partial disability benefits available to injured workers. We’ve already mentioned compensation utilizing an employee’s wage differential and the schedule of injuries under the Workers’ Compensation Act.
The Average Weekly Wage pursuant to Illinois Workers Compensation Act is to be calculated as the actual earnings of the employee in the employment in which he was working at the time of the injury during the period of 52 weeks preceding the date of injury divided by 52. 820 ILCS 305/10 (West 2010). Traditionally this formula has been construed as the amount of money made by the injured worker at the employer, divided by the weeks/days worked.
In our last couple posts, we’ve been looking at how workers’ compensation benefits are calculated. We’ve looked specifically at temporary partial and temporary total disability benefits. In this and our next post, we’ll look at permanent partial and permanent total disability benefits.
Last time, we began discussing the question of how workers’ compensation disability benefits are calculated. We’ve already spoken about temporary partial disability benefits. Here’ll we’ll look at how temporary total disability is calculated.
Workers’ compensation benefits are a critical support for injured workers, particularly those who suffer serious on-the-job injury qualifying for permanent disability benefits. Usually, when an injured worker files for workers’ compensation benefits, he or she does not know exactly what benefits he or she will qualify for, or the amount he or she can expect for payments.
In our previous post, we began speaking about the notion of frivolous claims in the context of the workers’ compensation system. As we noted, businesses here in Illinois are currently worried that frivolous workers’ compensation claims are contributing to high premium costs, and are pushing for reforms to address the perceived problem.
One of the messages we try to strongly emphasize on this blog is that workers’ compensation is a critical resource and entitlement for those injured on the job. This is especially the case given that workers’ compensation is, most of the time, the only means for an injured worker to avoid paying for the consequences of a workplace injury out of his or her own pocket.