How to Figure the Cost of Living Adjustment (COLA) in Virginia Workers’ Compensation Cases

Posted on Wednesday, July 6th, 2016 at 2:00 pm    

Workers need to ask for the COLA each and every year by the due date. It is best to work with an experienced and skilled Virginia Workers’ Compensation Lawyer who will record the deadlines and notify clients of when they should request their COLA. The most important thing to remember is that you will need to take the COLA Request Form down to your local Social Security Office and have a Social Security Representative sign the form to prove that you are not receiving social security disability. Of course, you must sign it as well. Workers receiving SSDI are generally not eligible to receive Workers Comp COLA.

The Commission does make this easier with a COLA Calculator.

Key factors in figuring the amount of the cost of living increase are:

  • Accident Date
  • Begin Date
  • End Date
  • Compensation Rate
  • COLA Paid
  • Compounded Comp Rate
  • Maximum In Effect
  • Total Due
  • Difference

Keep up with inflation. Claim your COLA on time every year.

Attorney Joe Miller understands that an award of benefits is not the end of the process. If you are entitled to benefits year after year, then you are entitled to a cost of living adjustment to keep up with inflation. The COLA adjustment means money in your wallet but only if you ask for it. Attorney Joe Miller explains to applicants how the COLA process works and when they must file to get the COLA benefit. Ask Joe Miller Esq. for advice today by calling 888-694-1671 or filling out his online contact form.

What are Cost of Living Benefits in Virginia (COLA)

Posted on Friday, June 10th, 2016 at 2:00 pm    

A Cost of Living Increase is also known as Cost of Living Allowance or COLA. The aim of the COLA is to adjust wages for inflation.

Workers who receive temporary total, permanent total or death benefits pursuant to an Award are entitled to a COLA effective October 1 of each year if the date of the accident is prior to July 1 of that year and if the combination of compensation and Social Security benefits are less than 80% of the pre-injury earnings.

Cost of living increases must be specifically requested by the employee. They are not automatically generated. You may be able to ask for a COLA online, but usually the Commission will send you a form that you must have signed by someone at the Social Security Administration vouching that you are not receiving SSDI.

A skilled Virginia workers’ compensation attorney makes sure clients make timely COLA requests each year.

When considering an overall settlement of you benefits, it is important to make the proper necessary adjustments for inflation.

Get all the work injury benefits you deserve.

Virginia workers’ compensation attorney Joe Miller has the experience and skills to professionally handle each part of your work injury case. He understands the full legal issues and the practical issues in Virginia worker’s compensation cases. He has helped thousands of clients during his 25 plus years of work get the full benefits they earned. He fights aggressively for each and every client no matter the size and scope of the injuries. Make the call today by phoning Joe Miller at 888-694-1671 or ask for Joe Miller by email jmiller@joemillerinjurylaw.com.