(a) Lifetime income benefits shall be calculated by
multiplying the employee's average weekly wage by .75. The lifetime
income benefit payable each week under this formula shall not exceed
the weekly maximum benefit under the Workers' Compensation Act, §4.11,
for the first year of benefits.
(b) Each year on the anniversary date of the day lifetime
income benefits began to accrue, the amount of those benefits being
paid shall be increased by 3.0%. The employee is entitled to the annual
increase without regard to the limits imposed by the maximum weekly
benefit. The increase shall be paid without further action by the
commission.
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