Statute · California Labor Code
Cal. Lab. Code § 5106 — Lump Sum Payments
Cal. Lab. Code § 5106
- Type
- Statute
- Source
- California Labor Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The appeals board shall, upon the request of the Director of Industrial Relations, where the employer is uninsured and the installments of compensation awarded are to be paid in the future, determine the present worth of the future payments, discounted at the rate of 3 percent per annum, and…
Citator
Cal. Lab. Code § 5106 — Lump Sum Payments is in force in the current edition of the Code, and nothing recorded condemns it.
The appeals board shall, upon the request of the Director of Industrial Relations, where the employer is uninsured and the installments of compensation awarded are to be paid in the future, determine the present worth of the future payments, discounted at the rate of 3 percent per annum, and order the present worth paid into the Uninsured Employers Fund, which fund shall thereafter pay to the beneficiaries of the award the future payments as they become due.