Lump Sum Comp Settlements Helpful, Study Shows

The Workers Compensation Research Institute released its "Return to Work after a Lump-Sum Settlement" study July 11.

Policymakers wondering whether lump-sum settlements in workers' compensation cases help or hurt the injured workers’ return to work now have evidence suggesting they help. The Cambridge, Mass.-based Workers Compensation Research Institute has published a study, "Return to Work after a Lump-Sum Settlement," supporting that conclusion.

"This is an important study because we need to find out whether settlements discourage return to work for injured workers who want to return to work or assist them in closing this chapter of their life and moving on with their career. My hope is this research will help policymakers and other stakeholders understand how workers respond to receiving a lump-sum settlement," said Bogdan Savych, the author and a public policy analyst at WCRI.

The study population was 2,138 workers who were injured in Michigan in 2004 and later received a lump-sum settlement, with WCRI following their employment experience through 2008. WRCI said 78 percent of them did not change their employment status. Of those who did change, 30 percent who were employed at the time of the lump-sump settlement left work and 19 percent of those who weren't employed at the time of the settlement did become employed.

"On average, more injured workers returned to work after receiving a lump-sum settlement than exited. Average employment in the sample increased from 25 percent of workers at the time of the lump sum to 32 percent of workers 1 year after a settlement. The exception is older workers who experienced a decline in employment after a settlement," according to WCRI.

For more information about the study or to buy it, visit this website.

Download Center

HTML - No Current Item Deck
  • Free Safety Management Software Demo

    IndustrySafe Safety Management Software helps organizations to improve safety by providing a comprehensive toolset of software modules to help businesses identify trouble spots; reduce claims, lost days, OSHA fines; and more.

  • The Top 5 Safety and Technology Trends to Watch in 2019

    Get the latest on trends you can expect to hear more about in 2019, including continued growth of mobile safety applications, wearable technology, and smart PPE; autonomous vehicles; pending OSHA recordkeeping rulemaking; and increased adoption of international safety standard, ISO 45001.

  • Get the Ultimate Guide to OSHA Recordkeeping

    OSHA’s Form 300A posting deadline is February 1! Are you prepared? To help answer your key recordkeeping questions, IndustrySafe put together this guide with critical compliance information.

  • Safety Training 101

    When it comes to safety training, no matter the industry, there are always questions regarding requirements and certifications. We’ve put together a guide on key safety training topics, requirements for certifications, and answers to common training questions.

  • Conduct EHS Inspections and Audits

    Record and manage your organization’s inspection data with IndustrySafe’s Inspections module. IndustrySafe’s pre-built forms and checklists may be used as is, or can be customized to better suit the needs of your organization.

  • Industry Safe

OH&S Digital Edition

  • OHS Magazine Digital Edition - January 2019

    January 2019

    Featuring:

    • PREVENTING ERRORS
      Production vs. Safety 
    • EMERGENCY SHOWERS & EYEWASH
      Meeting the Requirements for Emergency Equipment
    • CONSTRUCTION SAFETY
      The State of Contractor Safety
    • FOOT PROTECTION
      The Three Keys to Effective Chemical Management
    View This Issue