11-9-716. Lump-sum attorney's fees.

Arkansas Code — all titles (historical 2020) · legal_authorities

11-9-716. Lump-sum attorney's fees. (a) The Workers' Compensation Commission is authorized to approve lump-sum attorney's fees for legal services rendered in respect of a claim before the commission. (b) The lump-sum attorney's fees are allowable notwithstanding that the award of compensation to the injured employee is to be paid on an installment basis. (c) Lump-sum attorney's fees, if approved by the commission, shall be discounted at the rate provided in § 11-9-804, as that provision may be amended from time to time.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 11-9-716

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.

Stored source content

Cross-references

Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.

Arkansas Code — all titles (historical 2020) · legal_authorities

11-9-804. Lump-sum settlement.

11-9-804. Lump-sum settlement. (a)(1) Whenever the Workers' Compensation Commission determines that it is for the best interest of the parties entitled to compensation, and after due notice to all parties in interest of a hearing, the liability of the employer for compensation may be discharged by the payment of a lump sum equal to the present value of all future payments of compensation computed at ten percent (10%) discount, compounded annually. (2) Lump-sum settlements shall not be allowed if the employer presents evidence which proves by a preponderance of the evidence that ordering the compensation discharged in such a manner would result in a substantial adverse effect on the continuing economic viability of the employer. (b)(1) The probability of the death of the injured employee or other persons entitled to compensation before the expiration of the period during which they are entitled to compensation shall, in the absence of special circumstances making such a course improper, be determined in accordance with the following table. (2) It is intended that this table shall be used in conjunction with the discount rate prescribed in subsection (a)(1) of this section for the purpose of calculating the present value of lump-sum settlements to injured employees. Age Years Average Remaining Lifetime Years 1 74.97 2 75.37 3 74.47 4 73.54 5 72.59 6 71.63 7 70.67 8 69.70 9 68.73 10 67.75 11 66.77 12 65.80 13 64.82 14 63.84 15 62.87 16 61.90 17 60.94 18 59.97 19 59.02 20 58.06 21 57.10 22 56.15 23 55.19 24 54.24 25 53.29 26 52.33 27 51.38 28 50.42 29 49.47 30 48.52 31 47.57 32 46.62 33 45.68 34 44.73 35 43.79 36 42.86 37 41.92 38 40.66 39 40.07 40 39.14 41 38.23 42 37.31 43 36.41 44 35.50 45 34.60 46 33.71 47 32.83 48 31.95 49 31.08 50 30.21 51 29.35 52 28.49 53

Source: Arkansas Code — historical release 78 (November 6, 2020) · 11-9-804

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 11-9-804. This identifies an authority to review, not proof of applicability.