34 Pa. Code § 123.11 - Application of offset for severance benefits
(a) Workers' compensation benefits otherwise
payable shall be offset by amounts an employee receives in severance benefits
subsequent to the work-related injury. The offset may not apply to severance
benefits to which an employee may be entitled, but is not receiving.
(b) The net amount of any severance benefits
shall offset workers' compensation benefits on a weekly basis except as
provided in subsections (c) and (d).
(c) When the employee receives severance
benefits in a lump-sum payment, the net amount received by the employee shall
be divided by the weekly workers' compensation rate. The result is the number
of weeks, and fraction thereof, the insurer may offset against future payments
of workers' compensation benefits.
(d) When an employee receives a severance
benefit in the form of tangible property, the market value of the property, as
determined for Federal tax purposes, shall be divided by the weekly workers'
compensation rate. The result is the number of weeks, and fraction thereof, the
insurer may offset against future payments of workers' compensation
benefits.
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.