Comp Payouts Under Study: ; Some Worry Workers Will Spend the Money Too Quickly
Charleston Daily Mail › September 23, 2005
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Summary
DAILY MAIL BUSINESS EDITOR
West Virginia is considering a plan that would offer injured workers lump sum payouts instead of monthly checks for the rest of their lives, sort of like the deal offered to lottery winners.See the full content of this document
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Comp Payouts Under Study: ; Some Worry Workers Will Spend the Money Too Quickly
In some settlements, a claimant accepts a chunk of money smaller than the amount he or she might receive if benefits were paid over many years. The state benefits by fulfilling its obligation for less than it would have paid out over the long term.
State leaders such as House Speaker Bob Kiss already are saying ...See the full content of this document
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