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Compliance Corner: Ky. Maximum, Minimum Compensation Rates

28 Nov, 2023 Frank Ferreri

kentucky 31507 640
                               

Louisville, KY (WorkersCompensation.com) -- In Kentucky, the average weekly wage of the state is determined by the executive director as follows:

+ On or before September 1 of each year, the total wages reported by subject employers under the Kentucky Unemployment Insurance Law for the preceding calendar year shall be divided by the average monthly number of insured workers, which is determined by dividing the total number of insured workers reported for the preceding year by 12.
+ The average annual wage thus obtained shall be divided by 52 and the average weekly wage thus determined rounded to the nearest cent.
+The average weekly wage as so determined shall be applicable for the full period during which income or death benefits are payable, when the date of occurrence of injury or of disability in the case of disease, or of death, falls within the calendar year commencing Jan. 1 following the Sept. 1 determination.

A change in the maximum compensation rate is only made if the maximum weekly income benefits for total disability or for death are increased or decreased by $2 or more.

A change in the minimum compensation rate is only made if the minimum weekly income benefits for total disability or for death are increased or decreased by one $1 or more.

Here are Kentucky's rates for 2024:

Effective Dates 1/1/2024 - 12/31/2024
SAWW $1,073.12

Total Disability, Death 
Maximum $1,180.43 (110% SAWW)
Minimum $214.64 (20% SAWW)

Partial Disability
Maximum $885.32 (82.5% SAWW)
Minimum None

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    About The Author

    • Frank Ferreri

      Frank Ferreri, M.A., J.D. covers workers' compensation legal issues. He has published books, articles, and other material on multiple areas of employment, insurance, and disability law. Frank received his master's degree from the University of South Florida and juris doctor from the University of Florida Levin College of Law. Frank encourages everyone to consider helping out the Kind Souls Foundation and Kids' Chance of America.

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