Iowa Administrative Code › Agency 876 - Workers' Compensation Division › Chapter 6 - Settlements and Commutations › Rule 876-6.3 - Commutation Tables

Current through Register Vol. 47, No. 3, July 24, 2024
The following tables are to be used in determining the sum to
				be paid in appropriate commutation proceedings. Nothing in this rule is to
				prevent waiver of the discount in subrule 6.3(2) by the employer or insurance
				carrier.
(1)
Life expectancy
			 table.
The life expectancy is determined by taking the age of the
			 person, set forth in the "age" column and comparing it to the "weeks" column,
			 which indicates the weeks an individual at the age indicated will be expected
			 to continue to live.
LIFE EXPECTANCY TABLE
AGE
WEEKS
AGE
WEEKS
AGE
WEEKS
0-1
4020
34-35
2335
68-69
832
1-2
3994
35-36
2288
69-70
801
2-3
3942
36-37
2236
70-71
764
3-4
3895
37-38
2189
71-72
728
4-5
3843
38-39
2142
72-73
697
5-6
3791
39-40
2090
73-74
666
6-7
3739
40-41
2044
74-75
629
7-8
3687
41-42
1997
75-76
598
8-9
3635
42-43
1950
76-77
572
9-10
3583
43-44
1903
77-78
541
10-11
3531
44-45
1856
78-79
510
11-12
3484
45-46
1810
79-80
484
12-13
3432
46-47
1763
80-81
458
13-14
3380
47-48
1716
81-82
432
14-15
3328
48-49
1669
82-83
406
15-16
3276
49-50
1622
83-84
385
16-17
3224
50-51
1576
84-85
359
17-18
3177
51-52
1534
85-86
338
18-19
3125
52-53
1487
86-87
317
19-20
3078
53-54
1446
87-88
302
20-21
3026
54-55
1399
88-89
281
21-22
2980
55-56
1357
89-90
265
22-23
2928
56-57
1310
90-91
250
23-24
2881
57-58
1269
91-92
234
24-25
2829
58-59
1227
92-93
224
25-26
2782
59-60
1186
93-94
208
26-27
2730
60-61
1144
94-95
198
27-28
2683
61-62
1102
95-96
187
28-29
2631
62-63
1061
96-97
177
29-30
2584
63-64
1024
97-98
166
30-31
2532
64-65
983
98-99
156
31-32
2486
65-66
946
99-100
151
32-33
2434
66-67
910
100+
140
33-34
2387
67-68
868
(2)
Discount.
When an original notice and petition for commutation
			 of remaining future weekly benefits, either full or partial, is filed, the
			 remaining future weekly benefits may be commuted to present dollar value. If
			 the remaining future weekly benefits are converted to a present dollar value,
			 the present dollar value shall be determined as provided in this subrule. A
			 discount will be used to convert the value of remaining future weekly benefits
			 to present dollar value. The discount will be based on a compound interest rate
			 calculated pursuant to Iowa Code section 668.13(3)  and in effect on the date
			 informal agreement between the parties is reached for commutation and the
			 number of weeks of remaining future benefits. The interest rate used to
			 determine the discount shall be specified on the original notice and petition
			 for commutation filed for approval by the workers' compensation
			 commissioner.
(3)
Life
			 expectancy and remarriage probability table.
This table expresses in
			 weeks the combined probability of life expectancy and remarriage. The column on
			 the left indicates the age of the surviving spouse at the time of the
			 work-related death. Columns A through E indicate, respectively, the first
			 through fifth years following the date of death that the surviving spouse
			 remains unmarried. For example, if the date of death was July 1, 2005, and the
			 surviving spouse was age 20 at the time of the decedent's death, a commutation
			 sought on the second anniversary of the death, July 2, 2007, would result in an
			 expected duration of 550.02 weeks, the amount found in Column B which indicates
			 the second year of unmarried status following age 20. Following the second
			 anniversary of the date of death and including the third anniversary, Table C
			 would be applicable. Begin in the left-hand column in the line indicating the
			 age at
date of death
-not the age at which a commutation is
			 sought. Then move to the column which is indicative of the number of years the
			 surviving spouse has remained unmarried.
A surviving spouse, 20 years old on the date of the decedent's
				death who seeks a commutation after the fifth anniversary of the date of death,
				would use Table F. The fact that the surviving spouse has remained unmarried
				for over five years negates use of Columns A through E. A commutation sought
				during the fifth year of remaining unmarried would result in an expected
				duration of 1031.64 weeks. For example, if the surviving spouse, who was 20
				years old on the date of the decedent's death, is 30 years old at the time a
				commutation is sought and seeks a commutation
after
the tenth
				anniversary of the date of death, start in Column F in line 20 at the age
				column. For each year beyond the sixth anniversary of the death,
				move
down
Column F one line for each year. [Note the left-hand
				age column plays no part at this point.] In this example, the 30-year-old
				surviving spouse who seeks a commutation after the tenth anniversary of the
				date of death would have an expected duration of 1247.07 weeks.
EXPECTED DURATION OF LIFE AND REMARRIAGE
						  IN WEEKS
AGE
A
B
C
D
E
F
19
452.18
505.55
640.75
788.27
905.44
993.12
20
495.82
550.02
683.69
828.42
943.01
1031.64
21
541.23
596.18
729.80
868.87
982.17
1071.64
22
589.23
646.05
776.66
911.67
1023.48
1115.36
23
640.88
696.92
825.34
956.43
1068.72
1157.99
24
693.76
749.90
875.77
1005.20
1113.34
1200.77
25
748.61
804.49
929.45
1053.51
1158.36
1247.07
26
804.72
861.90
982.20
1102.07
1206.94
1290.45
27
863.24
917.91
1034.48
1153.43
1252.42
1332.79
28
919.92
972.96
1089.02
1201.54
1296.56
1376.65
29
975.76
1029.70
1140.04
1248.06
1342.09
1415.27
30
1034.13
1083.96
1190.18
1296.47
1382.06
1450.83
31
1087.87
1135.18
1239.43
1337.76
1419.17
1482.26
32
1140.84
1187.76
1283.95
1376.65
1452.19
1514.63
33
1195.00
1235.69
1325.54
1411.36
1486.03
1539.38
34
1244.19
1281.06
1363.39
1447.25
1512.62
1560.28
35
1290.62
1322.51
1402.06
1475.89
1535.47
1577.36
36
1333.45
1365.12
1433.98
1501.08
1554.46
1590.73
37
1377.93
1401.32
1462.76
1522.96
1570.28
1595.37
38
1414.42
1432.95
1486.92
1540.28
1575.74
1600.95
39
1447.51
1460.93
1507.65
1548.65
1583.08
1603.12
40
1476.55
1484.88
1519.19
1558.50
1586.74
1601.68
41
1501.23
1499.62
1531.97
1564.58
1586.80
1590.32
42
1517.04
1515.76
1541.35
1567.27
1577.19
1581.72
43
1533.81
1528.55
1547.54
1560.49
1570.28
1564.36
44
1546.84
1537.33
1543.96
1556.10
1554.65
1543.01
45
1556.54
1537.28
1543.60
1543.67
1534.98
1519.60
46
1555.21
1538.43
1533.33
1526.06
1512.93
1499.07
47
1556.30
1530.44
1518.64
1506.46
1493.84
1463.67
48
1547.08
1517.04
1500.92
1489.22
1459.61
1432.74
49
1532.42
1499.98
1484.71
1456.21
1429.75
1399.10
50
1514.59
1485.36
1453.56
1427.91
1396.88
1364.95
51
1496.96
1453.45
1424.86
1395.28
1363.33
1322.96
52
1464.50
1426.08
1393.79
1362.79
1321.79
1286.44
53
1433.32
1393.23
1359.71
1320.40
1285.68
1242.63
54
1401.59
1361.60
1319.99
1285.81
1242.14
1199.73
55
1367.01
1320.16
1283.74
1241.95
1199.37
1155.90
56
1324.97
1284.38
1240.69
1199.62
1155.55
1111.53
57
1286.93
1239.69
1196.89
1154.69
1110.98
1070.85
58
1243.31
1197.46
1153.84
1111.07
1070.21
1025.48
59
1200.31
1153.99
1109.49
1069.88
1024.57
986.90
60
1156.15
1109.74
1069.03
1024.18
985.85
944.55
61
1111.72
1069.39
1023.90
985.32
943.26
902.07
62
1052.14
1009.56
976.00
938.77
899.17
866.59
63
1010.13
974.17
936.60
898.84
866.01
822.92
64
975.20
935.34
897.28
866.19
822.35
786.37
65
935.81
895.62
864.23
822.48
785.91
752.62
66
896.90
863.56
821.55
786.69
752.25
713.35
67
864.14
820.43
785.30
752.93
712.94
681.47
68
821.01
784.34
751.79
713.70
681.08
645.13
69
784.83
750.98
712.72
681.88
644.76
610.80
70
751.92
712.57
681.58
646.12
610.45
578.30
71
712.75
680.79
645.24
611.61
577.91
547.80
72
681.26
644.91
611.27
579.40
547.43
513.50
73
645.03
610.64
578.74
548.89
513.25
486.97
74
610.85
578.30
548.43
514.74
486.74
455.68
75
578.57
548.13
514.38
488.35
455.51
428.23
76
548.68
514.51
488.51
457.72
428.11
397.70
77
514.31
487.93
457.11
430.12
397.62
374.66
78
487.92
456.77
429.75
411.41
374.60
348.88
79
457.82
430.58
400.47
377.94
348.85
324.95
80
428.23
397.79
375.01
349.47
324.92
298.01
81
400.21
377.46
352.11
328.63
298.01
286.57
82
376.27
350.69
327.08
300.46
286.57
271.47
83
350.54
326.80
300.18
289.12
271.47
259.15
84
326.67
299.90
288.84
274.06
259.15
249.81
85
299.74
288.56
273.74
261.78
249.81
249.60
This rule is intended to implement Iowa Code sections 85.45 and
				85.47.