How much in lost wages per week does New York pay for workers' compensation claims?

In New York, workers' compensation claims provide wage replacement benefits that are generally calculated at two-thirds (or 66.67%) of an employee's average weekly wage, up to a maximum limit set by the state's guidelines. This fraction is intended to offer financial support to workers who have been injured on the job and are unable to earn their typical income. The two-thirds benefit aims to balance providing sufficient replacement income while also ensuring the system remains sustainable for employers who fund it through premiums.

The maximum amount that can be received is subject to annual adjustments, which reflect changes in the statewide average weekly wage. This structure helps to safeguard workers while also implementing a cap to prevent costs from spiraling out of control. Understanding this ratio is crucial for both employees seeking to claim benefits and employers managing workers' compensation policies.