2023 COLA Increase
Virginia Code Section 65.2-709 allows for claimants to obtain a cost-of-living adjustment (COLA) to their weekly compensation benefits each year. COLA does not apply to temporary partial disability benefits or permanent partial disability benefits. It does apply to temporary total disability benefits, permanent total benefits, and death benefits. The purpose behind COLA is to ensure that the value of benefits paid to injured workers is not diminished by inflation. The COLA rate is dictated by the Consumer Price Index and varies year to year. It is published on the Virginia Worker’s Compensation Commission website. There is also a calculator on...
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