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Subject Number 046-1599 New Maximum Weekly Benefit Rate Effective July 1, 2023

Board Bulletins and Subject Numbers

April 21, 2023

The maximum weekly benefit rate for workers' compensation claimants is two-thirds of the New York State average weekly wage for the previous calendar year, as determined by the New York State Department of Labor (Workers' Compensation Law §§ 2[16] and 15[6]).

The Department of Labor reported to the Superintendent of the Department of Financial Services that the New York State average weekly wage for 2022 was $1,718.15. Accordingly, the maximum weekly benefit rate will be $1,145.43 for compensable lost time for workers' compensation claims with dates of injury during the period from July 1, 2023, through June 30, 2024.

Clarissa M. Rodriguez