Home > Workmens Compensation > 2012 Brings Minimum Wage Increase, Unemployment And Worker’s Comp Changes to Florida

2012 Brings Minimum Wage Increase, Unemployment And Worker’s Comp Changes to Florida

The New Year brought changes in Florida for both unemployment compensation and the worker’s comp rate paid by employers.

Florida’s 26-week maximum unemployment benefit period changed Sunday to a sliding scale that ranges from 12 weeks to 23-weeks, depending on the unemployment rate. The duration will be calculated based on the average unemployment rate in Florida for July, August and September 2011. The Department of Economic Opportunity says the change is projected to save the state’s Unemployment Compensation Trust Fund an estimated $103 million annually.

The New Year also means businesses are now facing an 8.9 percent increase in workers compensation insurance rates that was approved by state regulators earlier this year.

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