What is the formula used to calculate wage loss benefits in Hawaii?

The formula to calculate wage loss benefits in Hawaii is based on offering financial support to employees who are unable to work due to a work-related injury or illness. Specifically, the calculation involves 66 ⅔% of the employee's average weekly wage. This percentage reflects an effort to balance the employee's need for income replacement while accounting for various factors, such as the financial implications for the workers' compensation system.

The stipulation of a maximum cap is also important to consider, as it ensures that the benefits provided do not exceed reasonable limits according to the state's regulations, protecting both the interests of the injured worker and the sustainability of the workers' compensation system. The 66 ⅔% figure provides a standardized method that allows for equitable compensation for employees while preventing excessive payouts that might strain the system.

Understanding this percentage and how it is applied is crucial for anyone involved in workers' compensation, as it ensures that injured workers receive appropriate benefits while also adhering to the state's guidelines.