COMMUTATION - PRESENT VALUE OF DEFERRED LIFE PENSION

These new WCC LP and PTD Commutation Calculators have been engineered to deliver the same results that are provided by the Disability Evaluation Unit as of 8/29/2012.

If you desire a commutation on the full life pension be sure that life pension payments start after the date of commutation. You can insure this by setting the “Weeks of permanent disability” to zero and setting the PD commencement date to the same as the date of commutation.

WCC has extended the Present Value of Life Pension tables from fourteen to eighteen years of deferment (from 730 to 940 weeks, approximately) by mathematical extrapolation to account for the greater weeks of PD resulting from the 2005 PDRS. The “official” tables mandated by Regulation 10169 are valid only to fourteen years, or 730 weeks. Thus any commutation involving PD in excess of 730 weeks would not have been accurate. These new tables, though not yet approved by DWC, resolve these errors.

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Gender: Male Female
Date of birth:
Only the year is required and used in calculations on this calculator.
Date of injury:
This is also the date for the start of Life Pension when Total Weeks of permanent disability is set to zero.
Permanent disability (PD) commencement:
Date of commutation (DOC):
Entering a permanant disability (PD) rating percentage here is provided so you don't have to find the total weeks of permanent disability yourself. Typing a value here will cause the weeks of PD box to the right to be overwritten with the calculated value. If you don't need to total weeks calculated for you then just leave this blank.
PD rating:
%

A different method is used to calculate “Total weeks of permanent disability” when a PD Rating greater than 99.75% is entered. In this case the total weeks of PD is reduced to zero so that “life pension” is considered “deferred” to the PD commencement date.

NOTICE: WorkCompCentral has extrapolated the values in the tables "Present Value of Life Pension for a Male/Female" to a deferment of up to 18 years. Values over 14 years, or approximately 730 weeks, are not part of the standard literature. Please go to the calculator "PV of LP Extrapolated Tables" for more information.
Weeks of permanent disability:
weeks
Entering the Injured Worker's Average Weekly Wage here will cause the Rate of LP box to the right to be overwritten with the calculated Life Pention Rate. This calculation also REQUIRES the Permanent Disability (PD) Rating percentage from the box above. If you don't need the Life Pention Rate calculated for you then just leave this blank.
Weekly wage:
$
Initial rate of paid LP benefits:
$
State Average Weekly Wage used for Baker.
Click here for historical SAWW data.
Assumed annual increase:
%
Lump sum to be paid on DOC: $ or %

Commutation results:
Age in years at date of commutation (DOC):
Interpolated number living per 100,000 births for gender at age on DOC:
Commencement date of life pension (last day of PD plus one day):
Number of years from DOC to commencement of life pension:
Present value of life pension or remaining life pension:
Commuted value of life pension or remaining life pension:
$

Commutation of LP or remaining LP on DOC by uniform reduction of LP payments:
Lump sum amount to be paid on DOC:
$
Weekly reduction in LP necessary to produce desired lump sum:
$
Initial weekly life pension after reduction:
$

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Greenwich, CT 06836

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BREAKING NEWS:

COMMUTATION - PRESENT VALUE OF DEFERRED LIFE PENSION

Commutation results:

Commutation of LP or remaining LP on DOC by uniform reduction of LP payments:

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