State Insurance Fund v. Renak

CROCKETT, Chief Justice:

The State Insurance Fund seeks review of an order of the Industrial Commission that it pay to defendant, Kenneth Renak, $12,000 immediately in cash which he otherwise would have received at the rate of $137 per week. The point of controversy here is plaintiff’s contention that its obligation is to pay the $137 per week compensation as provided by statute and that, upon compliance with the order to pay the lump-sum payment immediately, it is entitled to discount the amount paid to equate to its present value.

Defendant Renak’s response is that such orders are not…