New York A10205 amends the workers' compensation law to provide cost-of-living adjustments for disability benefits based on the consumer price index.

New York A10205 amends the workers' compensation law to introduce cost-of-living adjustments for disability benefits. Specifically, it provides an additional allowance, known as a cost-of-living adjustment allowance, for employees with a permanent total disability or their beneficiary-dependents. This allowance is payable annually and is computed by applying an adjustment for regional costs of living. The adjustment is based on fifty percent of the annual increase in the consumer price index as promulgated by the U.S. Department of Labor.

New York A10205 amends the workers' compensation law to provide cost-of-living adjustments for disability benefits based on the consumer price index.

New York A10205 amends the workers' compensation law to introduce cost-of-living adjustments for disability benefits. Specifically, it provides an additional allowance, known as a cost-of-living adjustment allowance, for employees with a permanent total disability or their beneficiary-dependents. This allowance is payable annually and is computed by applying an adjustment for regional costs of living. The adjustment is based on fifty percent of the annual increase in the consumer price index as promulgated by the U.S. Department of Labor.