BOD Decision - 2017/11/22-03 - Measurement of Earnings Loss
On November 22, 2017, the Board of Directors approved changes to policy item #40.13, Measurement of Earnings Loss, of the Rehabilitation Services and Claims Manual, Volume II to revise the factor used to adjust earnings for inflation in calculating a loss of earnings award. The revised factor is calculated using the same approach to adjusting the maximum wage rate each year, based on the change in average wages and salaries in BC. Policy was also revised to update and clarify the process used to adjust earnings.
The amended policies apply to all decisions made on or after April 1, 2018, including appellate decisions.