California Labor Code 5106 – The appeals board shall, upon the request of the Director of …
Current as of: 2024 | Check for updates
|
Other versions
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.
(Amended by Stats. 1987, Ch. 202, Sec. 3.)
Terms Used In California Labor Code 5106
- Director: means Director of Industrial Relations. See California Labor Code 20
- employer: means :
California Labor Code 3300