News Detail
DOL ANNOUNCES THE 2016 UNEMPLOYMENT MAXIMUM WEEKLY BENEFIT AMOUNT, TAXABLE WAGE BASE AND THE WORKER’S COMPENSATION MAXIMUM WAGE RATE
(February 17, 2016)
Commissioner of Labor Catherine Hendry, Esq., would like to announce that the Maximum Weekly Benefit Amount (MWBA) in the Virgin Islands for benefit year beginning January 3, 2016 is $480.00 and the Taxable Wage Base for employer contributions is $23,000.00.

According to Title 24, Chapter 12, Section 303(c) of the Virgin Islands Unemployment Insurance Act, the Maximum Weekly Benefit Amount shall be an amount equal to sixty five (65) percent of the established average weekly wage in insured work rounded to the next lower dollar. The established average weekly wage based on employment and wage statistics from our Bureau of Labor Statistics is $737.87. According to Title 24, Chapter 12, Section 308(c) of the Virgin Islands Unemployment Insurance Act, the Taxable Wage Base is sixty (60) percent of the average annual wage in insured work rounded to the nearest one hundred dollars. The established average annual wage based on employment and wage statistics from our Bureau of Labor Statistics is $38,369.24.

The Worker’s Compensation maximum benefit amount for Disability Income Benefits has increased from $489.00 per week or $97.80 per day to $492.00 per week or $98.40 per day. This will affect all injuries that occurred on or about January 1, 2016.
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US DEPT OF LABOR
 
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