Sentences with phrase «lump sum award»

It proposes that claimants be given lower lump sum awards to reflect a higher discount rate, or that the rate be kept as it is.

In February 2017, the discount rate (the percentage used to adjust lump sums awarded for future loss) was reduced from 2.5 % to -0.75 %, increasing the size of awards.

It has always been the case that when a lump sum award is made, some claimants may be under - compensated, and others over-compensated.

Sumption JA (as he then was) commented at para [36] in the Court of Appeal decision in Helmot v Simon [2012] UKPC 5 that «the reason for calculating a lump sum award on the footing that the lump sum will be invested in index - linked gilts is that it achieves an automatic adjustment for future increases in the general level of prices».

The Ohio worker's comp program offers payments specifically for injuries like amputated limbs and blindness, but those are generally fixed settlements or lump sum awards.

In Davis v. Crawford the Appeal Court emphasized that a court must weigh the perceived advantages of making the lump sum award being considered in the particular case against any presenting disadvantages of making such an order.

Bevan says the ruling and the expert evidence adduced in these cases has exposed the inadequacy of the lump sum award — as a means of compensating future care needs in many long - term catastrophic injury cases — and that the discount rate (currently set at 2.5 %) for lump sum awards under DA 1996, s 1 is set too high and thus under - compensates some claimants.

[51] The parties asked the judge to make a lump sum award, and thus to hypothesize regarding their likely future incomes.

The ONCA upheld this award, noting that there was no evidence that the trial judge had erred in determining the wife's income for support purposes, and reducing the lump sum award to make it tax neutral was entirely proper.

Lump sum awards for future financial loss, medical expenses and costs of care have to be adjusted to take account of the income they might produce before they are spent.

As your lawyer, we will assist you in recovering benefits that your insurer has denied; or help you in recovering a lump sum award or financial settlement for your damage claim arising from a collision, accident, claim or insurance dispute.

As they will have received a lump sum award of about # 15,000 under the Pneumoconiosis Etc Workers» Compensation) Act, they will usually not qualify for the fee remissions scheme, which has a threshold of # 16,000 in «disposable capital».

The book also gives background information with regards to lump sum awards generally, alternatives to alternative investment vehicles to periodical payments as well as a chapter on investing lump sum awards and damages awards.