What is an average weekly wage, and how is it calculated?
Answer
The average weekly wage is important to know because that is the figure that determines how much per week you’re going to get in your weekly workers compensation check, also called an indemnity check, and what you get per week while you’re out on workers compensation is 62% of your average weekly wage. Um, it’s a little bit different for older injuries, but for some time now the law has been that you receive 62% of your average weekly wage. So how do you come up with your average weekly wage, quote unquote? Well, it’s defined by the Legislature in the statute, and what we do is we take the average of the 13 weeks in terms of what you made in the 13 weeks prior to your injury, and we factor in overtime and bonuses over the course of the past year before your injury. When you take the 13 weeks and add in an average of overtime and bonus, you come up with the average weekly wage, and that number, um, is the number you receive 62% of in your weekly check.