§ 51.1-158 Reduction of benefits for acceptance of lump-sum settlement under Workers’ Compensation Act
The retirement allowance (i) of any member retiring for disability from a cause compensable under the Virginia Workers’ Compensation Act (§ 65.2-100 et seq.) or (ii) of any surviving spouse, minor child, or parent, eligible to receive a benefit as a result of the death of a member from a cause compensable under the Virginia Workers’ Compensation Act, who elects to receive a lump-sum settlement in lieu of periodic payments for disability or death compensable under the Virginia Workers’ Compensation Act shall be adjusted by an amount determined by dividing the workers’ compensation benefit which such person would have received had the lump-sum settlement not been consummated, into the settlement actually accepted by the member, surviving spouse, child, or parent.
History
This law was first created in 1980. The record of its establishment is cataloged in chapter 645 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1980 “Acts” aren’t available online. It has been modified 3 times. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. Those modifications are as follows: in 1982, chapter 467; in 1986, chapter 474; in 1990, chapter 832.
1980, c. 645, § 51-111.59:1; 1982, c. 467; 1986, c. 474; 1990, c. 832.