What are the criteria for calculating industrial accident compensation?
The calculation of industrial accident compensation is primarily based on the average wage. The average wage is determined by dividing the total wages paid in the three months prior to the accident by the total number of days in that period.
For cases of occupational diseases where wage data from the preceding three months might be unavailable, a separate calculation method may be applied based on specific guidelines for calculating average wages for individuals with occupational illnesses.
The average wage is a crucial factor in determining various compensation benefits, including
- Medical Care Benefits (Yoyang Geupyeo): Covers all costs related to treatment, such as examinations, medications, surgery, hospitalization, and nursing care.
- Temporary Total Disability Benefits (Hyugeop Geupyeo): Provides 70% of the average wage for days an employee cannot work due to the injury or illness (for more than 3 days).
- Disability Benefits (Janghae Geupyeo): Paid as a lump sum or annuity based on the determined disability grade.
- Nursing Care Benefits (Ganbyeong Geupyeo): Covers costs for nursing care when an employee has severe disabilities and requires assistance with daily living.
- Survivor Benefits (Yujok Geupyeo): Paid to surviving family members as an annuity or lump sum in the event of the worker's death.
- Occupational Disease and Accident Pension (Sangbyeong Bosang Yeon-geum): Paid as an annuity for long-term treatment of occupational diseases.
- Funeral Expenses (Jang-ui Bi): Covers costs associated with funeral arrangements.
- Vocational Rehabilitation Benefits (Jigeop Jaehwal Geupyeo): Provides support for rehabilitation training and vocational reintegration.
It is important to note that the average wage used for calculating these benefits is subject to a maximum limit (1.8 times the average wage of all workers) and a minimum limit (1/2 of the average wage of all workers).
