                                 CODE OF VIRGINIA

REDUCTION OF BENEFITS FOR ACCEPTANCE OF LUMP-SUM SETTLEMENT UNDER WORKERS&#8217;
COMPENSATION ACT (§ 51.1-158)

The retirement allowance (i) of any member retiring for disability from a cause
compensable under the Virginia Workers&#8217; 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&#8217; Compensation Act, who elects to receive a
lump-sum settlement in lieu of periodic payments for disability or death
compensable under the Virginia Workers&#8217; Compensation Act shall be adjusted
by an amount determined by dividing the workers&#8217; 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: 1980, c. 645, § 51-111.59:1; 1982, c. 467; 1986, c. 474; 1990, c. 832.