Jan. 1: New Maximum Wage Rate & Assessable Earnings
The new maximum wage rate/maximum assessable earnings for 2013 is $82,105. The maximum wage rate is a ceiling used to calculate the maximum benefits injured workers can get for loss of earnings. Maximum assessable earnings sets the maximum level of earnings on which employers can be assessed. They’re revised every year. In 2012, the maximum wage rate/assessable earnings was $80,024.