Remove 2002 Remove Employment Remove Pension Benefit
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These Employment Laws Work to Safeguard Pay Equity for All

HR Digest

Employment laws are constantly evolving and pay equity remains a hot topic of discussion. While stable sounds like a positive word, their research implies that the pay inequality between men and women is similar to the numbers from 2002, with women earning 82 percent of what their male counterparts earn.

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Are Workers’ Compensation benefits protected against the rising cost of living?

Workers' Compensation Perspectives

Assuming just 2% CPI each year, the 1% reduction means that the purchasing power of each $100 awarded in 2002 will have grown after 10 years to $110.46 In that state, most workers injured on or before July 1, 2017 will see time-loss and pension benefit payments increase by 5 percent based on the change in the state's average wage.