This is one of the official workers' compensation forms for the state of Pennsylvania.
Pennsylvania Answer to Petition for Commutation for Workers' Compensation
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State:
Pennsylvania
Control #:
PA-LIBC35-WC
Format:
PDF
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FAQ
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.
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.
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.
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.
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.
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.
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.
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.
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.