2015 Cost of Living Adjustment (COLA)
For period of 7/1/15 to 6/30/16
The Department recently announced that the:
• The July 1, 2015 cost of living adjustment is a 1.04168 percent increase, and
• The new maximum time loss rate is $5,482.90/month or $183.00/day
Cost of living adjustments are not effective until the second July 1st following the injury. So the cost of living adjustment does not apply unless the date of injury is prior to July 1, 2014.