342.740 Determination of average weekly wage -- Adjustment in weekly

290 words·~1 min read·/ky/342-740

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

maximum and minimum income benefits for disability.

(1)For the purposes of this chapter, the average weekly wage of the state shall be

determined by the commissioner 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 (determined by dividing the

total number of insured workers reported for the preceding year by twelve (12).

The average annual wage thus obtained shall be divided by 52 and the

average weekly wage thus determined rounded to the nearest cent. This

average weekly wage shall be certified to the commissioner by the Education

and Labor Cabinet in a manner prescribed by the commissioner by

administrative regulation. 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 disablement in the case of

disease, or of death, falls within the calendar year commencing January 1

following the September 1 determination.

(2)Whenever a change in the average weekly wage of the state is of an amount

that increases or decreases the minimum weekly income benefits for total

disability or death by $1 or more, or the maximum weekly income benefits for

total disability or for death by $2 or more, computed in each case and rounded

to the nearest dollar, an adjustment in those minimums or maximums which are

affected in the requisite amount by the change in the average weekly wage of

the state shall be made which will reflect the increase or decrease, but no

change in these limitations shall otherwise be made.