The reduction mentioned above does not apply to early retirement benefits. Therefore, if the injured worker claims Social Security retirement benefits, there would be no compensation. Therefore, if one is 62 or older in some circumstances, it may be wiser to claim retirement benefits to avoid compensation. This is a strategic decision that should be discussed with an attorney specializing in the matter. Website design By BotEap.comAVOID COMPENSATION BY EXECUTING A SUMA LUMP AGREEMENT Website design By BotEap.comAn experienced attorney can avoid compensation in another way. This is done by resolving the disabled workers’ compensation case. But in the settlement, the money is prorated over the person’s life expectancy. For example, if the person is 40 years old, the person may have a life expectancy of 40 more years or 2,080 weeks. Then you can take the $ 100,000 payoff (for example) and divide it by the 2,080 weeks. This would produce a weekly amount of only $ 48.07. This amount of just $ 48.07 per week would be too small to reduce the federal disability benefit. Website design By BotEap.comTHERE IS NO EXCUSE FOR NOT USING AN EXPERIENCED LAWYER
When a settlement is presented to the Commission in Virginia, the Commission will try to ensure that it is in the best interest of the claimant. But a specialist lawyer in this field should be used.