Mar
06
2009
1

Ready for testing: Future Life Pension Rate with SAWW/COLA

XYZZXSJO2 - The motion picture!

XYZZXSJO2 - The sequel!

Last week I posted about a recent case from the San Jose WCAB that indicated a life pension SAWW[1] increase is applied on the first January 1 after the date of injury.  You can find a download of the XYZZXSJO2 case here.

I’ve just finished the COLA / SAWW future life pension rate calculator to determine what the future life pension rates are assuming a COLA / SAWW increase of 4.7% per year.  If you’re interested in becoming a beta tester for this COLA / SAWW calculator for life pension increases, please drop me a line and ask for access. [2]

Please keep in mind that this is not a life pension with SAWW / COLA increase commutation calculator.  The actuarial math involved in performing that calculation is … intense.

As an interesting side note, this week I saw my very first DEU commutation of a life pension with COLA increase.  Unlike the typical commutations everyone receives from the DEU, this commutation calculation was devoid of the actual methodology used.  I was pretty disappointed to find this out.

No matter!  Help beta test the new calculator by dropping me a line.  After you’ve given it a whirl, let me know what you think.

  1. SAWW means State Average Weekly Wage []
  2. If you have already helped me out as a beta tester, you already have access to this calculator. []
Feb
25
2009
2

XYZZXSJO2 – COLA and SAWW Increase Starts After the Date of Injury

XYZZXSJO2 - The motion picture!

XYZZXSJO2 - The motion picture!

Last week while Steve was at the Sacramento WCAB he heard about a recent case that held the COLA / SAWW adjustments and increases are calculated based upon the first January 1 following the date of injury. [1][2]

This case involving SIF (the subsequent injuries fund) is from the San Jose WCAB.  The name of the case is “XYZZXSJO2 v. Subsequent Injuries Benefits Trust Fund, ADJ 1510738, SJO 0251902”.  The name of the Applicant was anonymized to protect their identity.  [3][4]

Download a copy of XYZZXSJO2 now!

Thus far the conventional wisdom has been that the COLA/SAWW increases are calculated starting with the first January 1 after life pension gets paid out.  This is a tremendous change in the COLA/SAWW calculation of life pension.

Assuming a 1/1/2003 injury at exactly 70% permanent partial disability, there would be 426.5 weeks of permanent disability paid after the permanent and stationary date before the life pension gets paid out.  This equates to 8.2 years from the permanent and stationary date that has, thus far, not been taken into account with life pension calculations to date.  To put this in perspective, if someone had an injury on 1/1/2003 and became P&S on that same date[5] , the traditional method of calculating the life pension with COLA / SAWW increase would be too low by approximately 44%.

At the moment I’m finalizing a COLA / SAWW life pension calculator to determine what the future life pension rates are assuming a COLA / SAWW increase of 4.7% per year.  If you’re interested in becoming a beta tester for this COLA / SAWW calculator for life pension increases, please drop me a line and ask for access.

Unfortunately, I don’t have a citation for the 4.7% COLA / SAWW increase, but I believe it to be the offiical average used by the DEU[6] to calculate commutations of COLA / SAWW increases and adjustments.  If you have an official citation or document from the DEU, please drop me a line so I can include that citation here!

  1. COLA = cost of living adjustment. []
  2. SAWW = state average weekly wage. []
  3. I hope to have a scan of this decision for you soon! []
  4. David DePaolo of WorkCompCentral.com has graciously allowed me permission to offer you a copy of XYZZXSJO2 for download!  Thanks David! []
  5. Not likely. []
  6. Disaiblity Evaluation Unit. []
Jul
23
2008
3

PDRater – a retrospective

Today PDRater.com is one year old! You can click on the images below to see what this site used to look like.

PDRater.com circa July 23, 2007

Circa July 23, 2007

The very first version of this website was launched on July 23, 2007.

On a whim I looked up what else has happened on July 23. Birthdays: Martin Gore of Depeche Mode, Raymond Chandler mystery writer, Woody Harrelson, U.S. Supreme Court Justice Anthony Kennedy, and Slash of Guns N’ Roses.

Thank you wikipedia!

This first version of PDRater.com only calculated old and new schedule ratings and generated reports. Pretty ugly, I know. At this point I was just trying to put together something that would work.

PDRater.com circa September 17, 2007

Circa September 17, 2007

I updated the entire website on September 17, 2007. I’m sure other important things happened on this date too.

This version of the website offered MDT (multiple disabilities table) calculators, CVC (combined value chart) calculators, lists of work restrictions, and a life expectancy calculator.

This was the first time that I offered a subscription version with additional features.

This is also the first version that had any kind of advertising. I started off with the ubiquitious Google Adsense you see everywhere. Then I put up ads from an independent certified impairment rating specialist SnapRater.com and a court reporter Janet Lombardi & Associates.

PDRater.com circa January 1, 2008

PDRater.com circa January 1, 2008

I spent WAY too much time developing the version of this site launched on January 1, 2008.

This version included a date calculator, temporary disability rate calculator, wage loss / total partial disability calculator, life expectancy calculator, life pension calculator, average weekly wage calculator, simple interest calculator, and permanent total disability calculator.

My goal was to offer more California workers’ compensation calculators than anyone else anywhere on the internet – and do it for free. I’m fairly certain that there is no other single source that has more calculators than you’ll find here.

PDRater.com circa July 6, 2008

PDRater.com circa July 6, 2008

The version of the website you’re now viewing was launched on July 6, 2008. I had been fiddling with WordPress as a website/blog platform for several months before this but didn’t switch over the main site until July 6.

Using WordPress as a website platform for these calculators has allowed me to focus on providing better content (links, downloads, self-indulgent blog posts) and on the calculators themselves.

When I launched this latest version, I took out all of the advertising so that I could focus on making the website look better.

That said, July 23, 2008 was a totally unrealistic and overly optimistic target date for totally revamped calculators. I really don’t know what I was thinking.

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