Two changes for workers compensation in New Jersey will become effective on January 1, 2023. First, the state Compensation Rating and Inspection Bureau announced a 6.1 percent premium rate decrease. New Jersey Insurance Commissioner Marlene Caride revised the Bureau's proposed 4.7 percent decrease after considering financial and statistical information that included some of the economic impact of COVID-19. 

New Jersey also announced an increase in both the maximum and the minimum weekly benefits available to workers compensation claimants. For all workplace injuries, except for permanent partial disability recipients, weekly benefits will increase from $284 minimum, $1,065 maximum to a minimum of $293 and a maximum of $1,099. For permanent partial disability recipients, the range of maximum weekly benefits would increase from $284 to $1,065 to $293 to $1,099, depending on the duration of the disability. 

Oregon 

The workers compensation rates in Oregon, on the other hand, will not change. The current rate of 9.8 percent will remain effective for 2023. The extra assessment of 0.1 percent for self-insured and public-sector self-insured groups and 0.5 percent for private-sector self-insureds, for respective totals of 9.9 and 10.3 percent, will also stay the same for 2023. The Workers' Benefit Fund Assessment will also remain steady at 2.2 cents per hour worked.