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.