85.48 - PARTIAL COMMUTATION. - Iowa Statutes

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Statutes > Iowa > Title-3 > Subtitle-2 > Chapter-85 > 85-48

        85.48  PARTIAL COMMUTATION.
         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.

Section History: Early Form

         [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]

Section History: Recent Form

         98 Acts, ch 1061, § 11; 2003 Acts, ch 140, §2

State Codes and Statutes

Statutes > Iowa > Title-3 > Subtitle-2 > Chapter-85 > 85-48

        85.48  PARTIAL COMMUTATION.
         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.

Section History: Early Form

         [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]

Section History: Recent Form

         98 Acts, ch 1061, § 11; 2003 Acts, ch 140, §2

State Codes and Statutes

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State Codes and Statutes

Statutes > Iowa > Title-3 > Subtitle-2 > Chapter-85 > 85-48

        85.48  PARTIAL COMMUTATION.
         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.

Section History: Early Form

         [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]

Section History: Recent Form

         98 Acts, ch 1061, § 11; 2003 Acts, ch 140, §2