Understanding Your Workers’ Compensation Program. Jason Humphries Loss Control. Municipal Workers Compensation Fund, Inc. . Created in 1976 Second Oldest Municipal Fund in the U.S. Private Carrier Abandonment MWCF is Owned by the Participating Members
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The employee has a back injury that requires surgery. He reaches maximum medical improvement (MMI) and the doctor gives him an impairment rating of 5% to the body as a whole which means that the employee has lost 5% functional movement.
Value = AWW x 662/3 x Voc Rating x 300
AWW – average weekly wage prior to injury
300 – statutory coverage in number of weeks