Gov. Kathy Hochul has given her nod to a recently passed legislation aimed at increasing workers’ compensation benefits for New Yorkers.
Originating from the state’s latest legislative session in June, this initiative aims to augment the weekly minimum allotted to beneficiaries of workers’ compensation, which currently stands at roughly $150 a week.
The updated legislation links the weekly benefit to the inflation rate, addressing concerns that payouts for temporarily or partially disabled workers hadn’t seen a raise in numerous years.
However, the legislation hasn’t been without its detractors. Some have raised concern about the stress these changes will put on businesses.
Pointing to New York’s already high business expenses, particularly when juxtaposed against states like Pennsylvania, opponents of the changes expressed fears of businesses exiting the state. Despite the concerns, the law is structured for immediate implementation.
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