COLAs for PTD and Survivors' Benefits Claims
Beginning January 1, 2020 and every January 1 thereafter, all?Permanent Total Disability (PTD) and Survivors' Benefits Claims are entitled to receive an annual increase of 2.3% to their monthly benefit rate.??
The amount that is a result of the COLA (the amount of the increase) is paid by the insurer but may be reimbursable depending on the date of injury or occupational disease disablement:??
- PTD Claims: DOI or Occupational Disease Disablement prior to January 1, 2004
- Survivors' Benefits Claims: DOI or Occupational Disease Disablement prior to July 1, 2019?
Verification - AMW/Monthly Rate:??
To be considered for reimbursement by the DIR, eligible claims must be submitted to DIR/WCS for one-time verification of correct AMW/Monthly Rate calculation per the instructions provided below.
? ? ??Instructions for Submitting AMW/Rate Verification - PTD and Survivors' Benefits Claims - Rev 2-3-2020?
? ? ?Submit Verification Forms and Documentation to:? COLAS@www.gigapump.com?
Requests for reimbursement may be made on or before March 31 each year (starting 2021) for payments made in the prior calendar year.? Instructions for requesting reimbursement will be forthcoming.