Insurers have new information at their disposal that may help explain workers’ compensation frequency and severity among workers who are 65 years and older.
The report, published by the National Council on Compensation Insurance (NCCI), finds that although the average weekly wage tends to increase with the age of the worker, it reaches a maximum as these workers turn age 50. As these workers turn ages 60-64, they will experience a gradual decline in wages, followed by a huge drop (as much as 30%), if they continue to work after age 65.
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