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New Hourly Wage Table

 State: NY


NYCIRB Updates Average Hourly Wage Table


The New York Compensation Insurance Rating Board has updated its average hourly wage table and associated endorsement WC 31 03 19G.


NYCIRB said in a regulatory notice Wednesday that the updates have been approved by the New York State Department of Financial Services and will take effect on Oct. 1, 2013.


A study by the board of the appropriateness of the wage table indicated changes were warranted. The initial wage for credit under the table was increased from $15.50 to a new average hourly wage of $23.25.


NYCIRB President Monte Almer said all other wage intervals have been updated accordingly.


Further details are here.


Source: NYCIRB

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