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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