Profile Picture Jason Haynes

created Jul 25 2018

updated Oct 25 2018

Description

Workers’ compensation indemnity benefits are cash benefits paid to injured workers. These benefits include benefits for temporary disability (time loss), permanent partial disability, permanent total disability, and death. Statute sets eligibility criteria and the rates at which insurers pay these benefits. In the case of death from work-related causes, indemnity benefits are paid to survivors. Indemnity benefits also include vocational assistance benefits paid on behalf of severely disabled workers to get them back to work.
Indemnity benefits also include settlements between workers and insurers. Claim disposition agreements (CDAs) and disputed claim settlements (DCSs) are the two forms of settlements.
The Workers' Benefit Fund ( WBF)provides funds for programs that assist employers and injured workers. Assessment revenues, not insurance premiums, finance these programs. Employers and workers each pay half the assessment. The two major programs are the Retroactive Program and the Re-employment Assistance Program.
The Retroactive Program pays cost-of-living increases to workers or their beneficiaries based on changes in average wages. The two major benefits paid are for permanent total disability and death. Since at least 1995, the majority of PTD and death benefits have been paid from this program.
The data in this table include estimated figures and are subject to revision. All dollars are shown in millions of dollars.

Activity
Community Rating
Current value: 0 out of 5
Your Rating
Current value: 0 out of 5
Raters
0
Visits
14
Downloads
0
Comments
0
Contributors
0
Meta
Category
Business
Permissions
Public
Tags
workers' compensatioin, indemnity, benefits, temporary disability, ttd, td, permanent partial disability, ppd, death benefits, ptd, workers' benefit fund
Licensing and Attribution
Data Provided By
Oregon Dept. of Consumer and Business Services
Source Link
http://www.oregon.gov/DCBS/pages/index.aspx
License
Public Domain
First row
This view cannot be displayed