Division of Workers' Compensation v. Hansborough

BARFIELD, Judge.

The Division of Workers’ Compensation appeals a final order awarding appellee supplemental benefits. We reverse.

By stipulation, approved by the deputy commissioner, the appellee/claimant and the employer/carrier agreed that the claimant would receive a lump sum advance of permanent total disability benefits. The then-present value of all benefits was calculated as $236,612.85. The claimant would receive 95% of these benefits, or $224,782.20, as a lump sum advance when the deputy approved the advance. Upon reaching age 65 in 1997, the claimant would receive the remaining 5% of…