Texas Labor Code 408.062 – Minimum Weekly Income Benefit
Current as of: 2024 | Check for updates
|
Other versions
(a) The minimum weekly income benefit is 15 percent of the state average weekly wage as determined under § 408.047, rounded to the nearest whole dollar.
(b) The division shall compute the minimum weekly income benefit for each state fiscal year not later than October 1 of each year.
Terms Used In Texas Labor Code 408.062
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Year: means 12 consecutive months. See Texas Government Code 311.005
(c) The minimum weekly income benefit in effect on the date of injury is applicable for the entire time that income benefits are payable.