AIW ALJ ABBREVIATIONS AND COMPUTATIONS Average Industrial Wage AMA ANSI ASA Administrative Law Judge American Medical Association American National Standards Institute American Standards Association AWW Worker's Average Weekly Wage CMSCA Canadian Merchant Seamen Compensation Act COLA Cost-of-Living Adjustment CPI CPP EDI FECA IME ISO MMI PMI Consumer Price Index Canadian Pension Plan Electronic Data Interchange Federal Employees' Compensation Act Independent Medical Exam International Organization for Standardization Maximum Medical Improvement Permanent Medical Impairment Computations-Monthly to Weekly All benefits payable other than on a weekly basis have been converted to an equivalent weekly rate. There are several methods of conversion in use, which may cause slight differences in results. The Analysis attempts to follow the practice of the jurisdiction wherever possible. 1. A method widely used in Canada is to multiply the monthly benefit by 12, divide by 365, and multiply the result by 7. Example for a monthly benefit of $750: $750 x 12 365 x 7 = $172.60 2. A second method is to multiply the monthly benefit by 12 and divide by 52. $750 x 12 52 = $173.08 3. A third method is to divide the monthly benefit by 4.3 or a similar figure, because the average month contains 4.33 weeks. $750 4.3 = $174.42 2 | 2024 Analysis of Workers' Compensation Laws