|
25-5-83
Section 25-5-83 Commutation of compensation to lump sum payments. By agreement of the parties
and with approval of the court, the amounts of compensation payable periodically, under this
article and Article 4 of this chapter, may be commuted to one or more lump sum payments. No
commutation shall be approved by the court unless the court is satisfied that it is in the
best interest of the employee or the employee's dependent, in case of death, to receive the
compensation in a lump sum rather than in periodic payments. In making the commutations, the
lump sum payment shall, in the aggregate, amount to a sum equal to the present value of all
future installments of compensation calculated on a six percent basis. (Acts 1919, No. 245,
p. 206; Code 1923, §7573; Acts 1939, No. 661, p. 1036, §6; Code 1940, T. 26, §299; Acts
1949, No. 36, p. 47; Acts 1957, No. 336, p. 437; Acts 1969, No. 233, p. 557, §4; Acts 1975,
4th Ex. Sess., No. 86, p. 2729, §9; Acts 1992, No. 92-537, p. 1082, §27.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/25-5-83.htm - 1K - Match Info - Similar pages
25-5-57
Section 25-5-57 Compensation for disability. (a) Compensation schedule. Following is the schedule
of compensation: (1) TEMPORARY TOTAL DISABILITY. For injury producing temporary total disability,
the compensation shall be 66 2/3 percent of the average weekly earnings received at the time
of injury, subject to a maximum and minimum weekly compensation as stated in Section 25-5-68,
but if at the time of injury the employee received average weekly earnings of less than the
minimum stated in Section 25-5-68, then he or she shall receive the full amount of the average
weekly earnings per week. This compensation shall be paid during the time of the disability,
but at the time as a temporary total disability shall become permanent, compensation for the
continued total disability shall be governed by (a)(4) of this section with respect to permanent
total disability. Payments are to be made at the intervals when the earnings were payable,
as nearly as may be, unless the parties otherwise agree....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/25-5-57.htm - 28K - Match Info - Similar pages
25-5-60
Section 25-5-60 Compensation for death. In death cases, where the death results proximately
from the accident within three years, compensation payable to dependents shall be computed
on the following basis and shall be paid to the persons entitled thereto without administration,
or to a guardian or other person as the court may direct, for the use and benefit of the person
entitled thereto. (1) PERSONS ENTITLED TO BENEFITS; AMOUNT OF BENEFITS. a. If the deceased
employee leaves one dependent, there shall be paid to the dependent 50 percent of the average
weekly earnings of the deceased. b. If the deceased employee leaves two or more dependents,
there shall be paid to the dependents 66 2/3 percent of the average weekly earnings of the
deceased. c. If one of two or more dependents is a widow or widower, the compensation may
be paid to the widow or widower for the benefit of herself or himself and the dependent child
or children. In its discretion and when it considers appropriate to do...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/25-5-60.htm - 5K - Match Info - Similar pages
25-5-85
Section 25-5-85 Procedure for and effect of payment of compensation to court appointed trustee.
At any time after the amount of an award has been agreed upon by the parties or found and
ordered by the court, a sum equal to the present value of all future installments of compensation
calculated on a six percent basis may, where death or the nature of the injury renders the
amount of future payments certain, by leave of court, be paid by the employer to a bank or
trust company of this state or a national bank doing business in this state to be approved
and designated by the court, and the sum, together with all interest thereon, shall thereafter
be held in trust for the employee or dependent of the employee, who shall have no further
recourse against the employer. The payment of the sum by the employer, evidenced by the receipts
in duplicate of the trustees, one of which shall be filed with the probate judge of the county
in which the injury or death occurred and the other filed with the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/25-5-85.htm - 2K - Match Info - Similar pages
16-25-11.4
Section 16-25-11.4 Purchase of credit for prior service rendered as full-time employee in office
of clerk of circuit court or with Alabama State Employees Association. (a) Any acting and
contributing member of the Teachers' Retirement System of Alabama may elect to purchase credit
for prior service rendered as a full-time employee in the office of a clerk of the circuit
court in the State of Alabama or as a full-time employee with the Alabama State Employees
Association provided the member complies with the following conditions prescribed in this
section. (b) Any employee electing to purchase credit under subsection (a) of this section
shall pay to the Secretary-Treasurer of the Teachers' Retirement System within one year after
October 1, 1995, a lump sum payment equal to a percentage of the current annual salary or
final average compensation, whichever is greater, of the member. The applicable percentage
shall be the sum of the prevailing percentage rates of employer and member...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-11.4.htm - 2K - Match Info - Similar pages
15-23-15
Section 15-23-15 Amount and method of compensation; future economic loss generally; exemption
from state and local taxes, etc. (a) Compensation for work loss, replacement services loss,
dependent's economic loss, and dependent's replacement services loss may not exceed six hundred
dollars ($600) per week. (b) Compensation payable to a victim and to all other claimants sustaining
economic loss because of injury to or death of that victim may not exceed twenty thousand
dollars ($20,000) in the aggregate. (c) The commission may provide for the payment to a claimant
in a lump sum or in installments. At the request of the claimant, the commission may convert
future economic loss, other than allowable expense, to a lump sum, but only upon a finding
by the commission that the award in a lump sum will promote the interests of the claimant.
(d) An award payable in installments for future economic loss may be made only for a period
as to which the commission can reasonably determine future...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/15-23-15.htm - 2K - Match Info - Similar pages
25-5-56
Section 25-5-56 Settlements between parties. The interested parties may settle all matters
of benefits, whether involving compensation, medical payments, or rehabilitation, and all
questions arising under this article and Article 4 of this chapter between themselves, and
every settlement shall be in an amount the same as the amounts or benefits stipulated in this
article. No settlement for an amount less than the amounts or benefits stipulated in this
article shall be valid for any purpose, unless a judge of the court where the claim for compensation
under this chapter is entitled to be made, or upon the written consent of the parties, a judge
of the court determines that it is for the best interest of the employee or the employee's
dependent to accept a lesser sum and approves the settlement. The court shall not approve
any settlement unless and until it has first made inquiry into the bona fides of a claimant's
claim and the liability of the defendant; and if deemed advisable, the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/25-5-56.htm - 2K - Match Info - Similar pages
25-5-316
Section 25-5-316 Workers' Compensation Administrative Trust Fund; creation; management; trustee
and custodian; assessments; penalties. (a) There is established in the State Treasury a fund
entitled the Workers' Compensation Administrative Trust Fund, into which shall be deposited
certain assessments provided under Chapter 5 (commencing with Section 25-5-1) of Title 25
collected by the Department of Labor. The fund shall constitute a separate fund to be disbursed
by the state Comptroller on order of the Secretary of the Department of Labor. All expenses
incurred by the department under the Workers' Compensation Law, including the salaries of
all employees, travel cost, and any other cost of administration and enforcement as may become
necessary, either within or without the state, shall be paid from the separate fund in the
State Treasury upon warrants of the state Comptroller drawn upon the State Treasury from time
to time when vouchers therefor are approved by the secretary. The State...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/25-5-316.htm - 7K - Match Info - Similar pages
45-37-123.01
Section 45-37-123.01 Definitions. For the purposes of this part, the following terms shall
have the following meanings: (1) ACT. The act adding this part, to be called the General Retirement
System for Employees of Jefferson County Act. (2) ACTIVE MEMBER. An individual who currently
is employed by the county or other entities set forth in subdivision (20) and is making employee
contributions to the system. (3) ACTUARIAL EQUIVALENT. Effective July 30, 1984, or such other
dates as set forth in Exhibit A, which is maintained in the office of the pension board, a
form of benefit differing in time, period, or manner of payment from a specific benefit provided
under the plan but having the same value when computed using the mortality tables, the interest
rate, and any other assumptions last adopted by the pension board, which assumptions shall
clearly preclude any discretion in the determination of the amount of a member's benefit.
(4) ACTUARIAL GAIN. As defined in Section...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37-123.01.htm - 27K - Match Info - Similar pages
36-27-4
Section 36-27-4 Membership - Generally; denial of membership; absence from service; military
service. (a) The membership of the retirement system shall be composed as follows: (1) All
persons who shall become employees after October 1, 1945, shall become members of the retirement
system as a condition of their employment. (2) Any person who is an employee on October 1,
1945, shall become a member as of that date unless, within a period of 90 days next following,
such employee shall file with the Board of Control on a form prescribed by the board a notice
of his or her election not to be covered in the membership of the system and a duly executed
waiver of all present and prospective benefits which would otherwise inure to him or her on
account of his or her membership in the retirement system. (3) An employee whose membership
in the retirement system is contingent on his or her own election and who elects not to become
a member may thereafter apply for and be admitted to membership...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-4.htm - 9K - Match Info - Similar pages
|