New TD Rates and COLA Adjustment for 2021 - Greg Grinberg
This article is reposted from WCDefenseCA.com, a blog published by Gregory Grinberg, Managing Partner of Gale, Sutow & Associates SF Bay South Office. The opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of Gale, Sutow & Associates.
Alright, dear readers, it is Friday. We have made it this far, and I have a feeling we’re going to keep going. Can you believe we are finishing up the first week of December already?
Well we should all be gearing up for the start of 2021, and, of course, that means a new TD rate.
The DWC has announced that the maximum TD rate for 2021 will go up from $1,299.43 for 2020 dates of injury to $1,356.31 for 2021 dates of injury. The minimum TD rate will be $203.44 for 2021 dates of injury.
Likewise, the State of California has calculated a SAWW increase of 4.3774%, which should be applied to any COLA calculations for life pensions.
Have a good weekend everyone!