What impact does Workers Compensation benefits have on my SERS Occupational Disability benefits?
SERS occupational disability benefits equal 75% of the employee’s salary or their final average compensation, whichever is higher. Benefits must be paid under Workers’ Compensation in order to qualify for SERS occupational disability benefits. * If the employee is receiving Total Temporary Disability (TTD) benefits under the Workers’ Compensation Act, the amount of the TTD payment is subtracted from the SERS occupational disability benefits. * If Permanent Partial Disability (PPD) is paid as a lump sum, this amount is broken down and subtracted as follows: * PPD (SERS uses 60 % of the average weekly wage) times 52 (weeks) divided by 12 (months). This equals the amount of the monthly offset from SERS occupational disability benefits. Subtract attorney fees, expenses documented in the Industrial Commission contract, and future medical payments from the total payment. This is the total amount of offset that will take place. * To determine how long the offset will apply, divide the monthly
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- What impact does Workers Compensation benefits have on my SERS Occupational Disability benefits?
