NY - Gov. Eliot Spitzer signed a bill Tuesday that would increase benefits for injured workers while reduce the cost of workers' compensation insurance for businesses.
The current maximum workers' benefits in NY is $400 a week, hasn't increased for a decade. The bill will increase the maximum weekly benefit from $400 to $500 in the first year, $550 in the second year and $600 in the third year. The minimum weekly benefit will increase from $40 to $100.
The reforms will also reduce workers' compensation costs to employers by 10 to 15 percent.
It's a double win for both business and workers, the governor confirmed.
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