Average Weekly Wage / Maximum Compensation Rate
In November, the Agency for Workforce Innovation determines the statewide average weekly wage paid by employers subject to the Florida Unemployment Compensation Law for the four calendar quarters ending June 30, of that year. After receipt of this information the Division calculates the maximum weekly compensation rate for the next calendar year.
Pursuant to section 440.12 (2), Florida Statutes, the maximum weekly compensation rate for work-related injuries and illnesses shall be equal to 100 percent of the Statewide average weekly wage, rounded to the nearest dollar.
|
