When partial commutation is ordered, the workers' compensation commissioner shall fix the lump sum to be paid at an amount which will equal the future payments for the period commuted, capitalized at their present value upon the basis of interest at the rate provided in section 535.3 for court judgments and decrees. Provisions shall be made for the payment of weekly compensation not included in the commutation with all remaining payments to be paid over the same period of time as though the commutation had not been made by either eliminating weekly payments from the first or last part of the payment period or by a pro rata reduction in the weekly benefit amount over the entire payment period.
[S13, § 2477-m15; C24, 27, 31, 35, 39, § 1408; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 85.48; 82 Acts, ch 1161, § 17]
98 Acts, ch 1061, § 11; 2003 Acts, ch 140, §2
Previous Section 85.47
Next Section 85.49
© 2004 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Thu Jan 15 10:49:41 CST 2004
URL: /DOCS/IACODE/2003SUPPLEMENT/85/48.html
jhf