Useful Info
Wage/Severance
What is the Revision of Average Wage?
10/1/2025
Views 3
Author:system
In the case of long-term care recipients or pension recipients, the average wage at the time of the accident is used as the basis, so when receiving long-term care or pension, even though prices and wages continue to rise, the insurance benefit amount remains fixed, which causes harm to industrial accident workers or their bereaved families. To correct this defect, revision of the average wage is permitted in certain cases. It is a system where if the regular wage of similar workers working at the same workplace increases or decreases by 5% or more, the average wage is also adjusted by the same rate to pay insurance benefits. For the revision of average wage, the injured worker or beneficiary submits the average wage increase/decrease application form with the wage ledger of similar workers of the same type that can verify the wage change to the local branch of the Korea Workers' Compensation & Welfare Service.
Comment 0
Please log in to leave a comment.
Non-members can only view comments.