What is a commutation payment?

A commutation is where you (the worker) and insurer agree to a single lump sum payment. This payment removes the insurer's liability to pay future weekly payments and/or medical, hospital and rehabilitation expenses for the injury.

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Pennsylvania Answer to Petition for Commutation for Workers'...

Pennsylvania Answer to Petition for Commutation for Workers' Compensation

Name: Pennsylvania Answer to Petition for Commutation for Workers' Compensation
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.83 (419 reviews)

Category:

Pennsylvania Workers Compensation - Commutation

State:

Pennsylvania

Control #:

PA-LIBC35-WC

Format:

Instant download

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Description

This is one of the official workers' compensation forms for the state of Pennsylvania.

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Introduction. Commutingthe travel between place of residence and workplace that many people undertake dailyemerged on a large scale during the Industrial Revolution when, for the first time, work locations were separated from places of residence.

1 : to travel back and forth regularly. 2 : to change (as a penalty) to something less severe The governor commuted the convict's sentence. Other Words from commute. commuter noun.

The President's clemency power includes the authority to commute, or reduce, a sentence imposed upon conviction of a federal offense, including the authority to remit, or reduce, the amount of a fine or restitution order that has not already been paid.

Commutation of the sentence to imprisonment for life, the long struggle began. commutation of all such pensions must be carried out in a single year. commutation of benefits may be a consideration. commutation of annual pension entitlements, takes effect from 1st April 2006.

Commutation refers to the right that a beneficiary has to exchange one type of income for another. Commutation is offered to annuitants and to the beneficiaries of life insurance policies so that they might receive a lump-sum payment instead of a series of future payments.

Essentially, on retirement, if the employee opts for commutation of pension, a portion is paid as a lump sum to the pensioner while on the balance the pension begins. In simple terms, commutation means a lump sum payment in lieu of periodic payments of pension.

In law, a commutation is the substitution of a lesser penalty for that given after a conviction for a crime.Unlike most pardons by government and overturning by the court (a full overturning is equal to an acquittal), a commutation does not affect the status of a defendant's underlying criminal conviction.

A commutation is where you (the worker) and insurer agree to a single lump sum payment. This payment removes the insurer's liability to pay future weekly payments and/or medical, hospital and rehabilitation expenses for the injury.

Commutation refers to the right that a beneficiary has to exchange one type of income for another.When this happens, the net present value (NPV) of all remaining payments is computed into a single payment that is given to the beneficiary or to the annuitant.

Pennsylvania Answer to Petition for Commutation for Workers' Compensation

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