Neb. Work. Comp. Ct., 1

As amended through October 23, 2024
Addendum 1 - Present Value Table Nebraska Workers' Compensation Court

Present value of annuity certain of $1.00 per week. Interest at 5 percent per annum with annual rests. Payment at end of week 365.2425 days to a year.

TO USE TABLES:

Find present value of $1.00 for number of weeks to be commuted; multiply the value so found by the weekly compensation rate.

EXAMPLE:

Weeks to be commuted, 215; weekly compensation rate, $62.00; present value of $1.00 for 215 weeks is $194.2141; multiplying $194.2141 by $62.00 produces the commuted value of $12,041.27.

EXAMPLE WHERE WEEKLY RATE CHANGES:

Weeks to be commuted, 1,100; first 175 weeks at $62.00; following 925 weeks at $47.00 (1,100 weeks at $47.00 per week plus 175 weeks at $15.00 per week running concurrently, beginning with the first week, produces the same result.) Present value of $1.00 for 1,100 weeks is $679.6809; multiplying $679.6809 by $47.00 produces $31,945.00. Present value of $1.00 for 175 weeks is $161.0426; multiplying $161.0426 by $15 produces $2,415.64. Adding $31,945.00 to $2,415.64 makes a total of $34,360.64, being the present worth of 1,100 weeks at the rates stated.

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Neb. Work. Comp. Ct., 1