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|
NOTE:
THIS TABLE IS PRESENTED FOR CONVENIENCE, BASED ON INCREASES
IN THE AVERAGE WEEKLY WAGE AS CALCULATED BY THE IDAHO
DEPARTMENT OF LABOR AND USED BY THE IDAHO INDUSTRIAL
COMMISSION. PLEASE REFER TO IC§6-1603 FOR THE METHODOLOGY
FOR THIS TABLE. THIS TABLE IS NOT OFFICIALLY PART OF IDAHO
CODE OR ADMINISTRATIVE RULES.
Calculation
-- Non-economic Damages Caps
Per I.C. § 6-1603.
|
| 1987-1994 >>> |
1987 |
1988 |
1989 |
1990 |
1991 |
1992 |
1993 |
1994 |
|
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|
|
|
|
|
|
|
Average Weekly Wage |
$309.00 |
$314.00 |
$323.00 |
$334.00 |
$344.00 |
$360.00 |
$373.00 |
$390.00 |
Percentage Increase |
|
1.62% |
4.53% |
8.09% |
11.33% |
16.50% |
20.71% |
26.21% |
Non-economic Benefit Cap |
$400,000.00 |
$406,472.49 |
$418,122.98 |
$432,362.46 |
$445,307.44 |
$466,019.42 |
$482,847.90 |
$504,854.37 |
|
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|
| 1995-2002 >>> |
1995 |
1996 |
1997 |
1998 |
1999 |
2000 |
2001 |
2002 |
|
|
|
|
|
|
|
|
|
Average Weekly Wage |
$401.00 |
$415.00 |
$433.00 |
$443.00 |
$456.00 |
$471.00 |
$495.00 |
$526.00 |
Percentage Increase |
29.77% |
34.30% |
40.13% |
43.37% |
47.57% |
52.43% |
60.19% |
70.23% |
Non-economic Benefit Cap |
$519,093.85 |
$537,216.83 |
$560,517.80 |
$573,462.78 |
$590,291.26 |
$609,708.74 |
$640,776.70 |
$680,906.15 |
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| 2003- >>>> |
2003* |
2003 |
2004** |
2005 |
2006 |
2007 |
2008 |
|
|
Thru 6-30-03 |
As of 7-1-03 |
As of 7-1-04 |
As of 7-1-05 |
As of 7-1-06 |
As of 7-1-07 |
As of 7-1-08 |
|
|
Average Weekly Wage |
$527.00 |
n/a |
$534.00 |
$543.00 |
$565.00 |
$584.00 |
$618.00 |
|
|
Percentage Increase |
70.55% |
n/a |
1.33% |
1.69% |
4.05% |
3.36% |
5.82% |
|
|
Non-economic Benefit Cap |
$682,200.65 |
$250,000.00 |
$253,320.68 |
$257,590.13 |
$268,026.56 |
$277,032.25 |
$293,155.53 |
|
Per Idaho Code section
6-1606. |
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*As a result
of House Bill 92 of
the 2003 Legislature, non-economic damages will be capped at $250,000 on all
non economic damages. The same increase formula will go into effect
beginning July 1, 2004
Our
math: |
(Current
year average weekly wage-1987 average weekly wage) divided by 1987 average weekly wage to
establish percentage increase |
Example (1993) ($373-$309)/$309=.2071 or 20.71% |
THEN: |
(1987
Benefit Cap*percentage increase)+1987 Benefit Cap to establish current year cap |
Example (1993) ($400,000*.2071)+$400,000=$482,847.90 |
| ** Increases after July 1,
2003 are based on the State of Idaho's fiscal year. New caps become
effective July 1 through June 30 of the following year. |
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