Workplace
Finally! Legislature reaches a deal on workers’ comp
By Seattle Business Magazine May 23, 2011
The issue that has been keeping the Legislature up at night may have found a solution. State lawmakers on Sunday reached an agreement on overhauling the century-old workers’ compensation program, with an eye toward giving workers’ comp beneficiaries a choice between a long-term benefits and a lum-sum payment. The compromise struck by members of both…
The issue that has been keeping the Legislature up at night may have found a solution. State lawmakers on Sunday reached an agreement on overhauling the century-old workers’ compensation program, with an eye toward giving workers’ comp beneficiaries a choice between a long-term benefits and a lum-sum payment.
The compromise struck by members of both parties would not permit a one-time, lump-sum payment, but would allow an injured worker to accept larger periodic payments until the settlement was paid in full.
For more on the worker’s comp issue, see Erik Smith’s Seattle Business magazine story in the June issue, on newsstands soon.