Schedule of Payment for New Jersey Workers’ Compensation Claim for Permanent Partial Disability
Once you have successfully filed for New Jersey workers’ compensation and have been awarded a specific amount, the question you may ask your NJ workers’ compensation attorney is how you will get paid your award. The answer depends on the specific facts of your case, as awards are paid in terms of both dollars and weeks.
Weekly Compensation or a Lump Sum Award?
In order to determine whether you will be awarded a lump sum or a weekly compensation award, your NJ workers’ compensation attorney will need to consider two major factors: how many weeks compensation you have been awarded and how much time has elapsed between the time of the award and the latter of either your on-the-job accident or last payment of temporary disability.
For example, assume you settled your workers’ compensation case for $10,000 over 100 weeks ($100/week) for an injury that occurred on January 1, 2013. You will receive a lump sum of the total award only if 120 weeks has elapsed. That is, if the order approving your settlement is signed on July 1, 2013 and you received 15 weeks of temporary disability, you have accumulated the right to a lump sum of $6,300, or 63 weeks (78 weeks minus 15 weeks of temporary disability) times $100. The remaining $3,700 will paid weekly over the course of 57 weeks beginning on July 1, 2013.
Contact an Experienced NJ Workers’ Compensation Attorney
For more information about the schedule of payment for your workers compensation award or for general information regarding filing a workers’ compensation claim in New Jersey, call the Law Offices of Dan T. Matrafajlo at (908) 248-4404.
We will schedule a complimentary consultation with one of our experienced New Jersey workman’s compensation lawyers to provide you with the information you need and assist you in getting the maximum benefits to which you are entitled. We have offices in Elizabeth, North Brunswick and Newark, New Jersey to better serve you.