§ 722.139 - Lump sum awards; settlement.

Related Notices
- 99-24658. Proposed rule. 99-24658. Regulations Implementing the Federal Coal Mine Health and Safety Act of 1969, as Amended
- 97-44. Proposed rule. 97-44. Regulations implementing the Federal Coal Mine Health and Safety Act of 1969, as Amended

Latest version.

No State workmen's compensation law shall be excluded from the Secretary's list solely on the grounds that such law permits lump sum awards, or commutation or settlement of claims or awards: Provided, That (a) such lump sum award or commutation or settlement is approved by an appropriate State agency; (b) such lump sum award, commutation, or settlement is equal to the present value of future benefits payments commuted, computed at no less than 4 percent true discount compounded annually; (c) accepted and reliable tables of probabilities are used for the purpose of computing the present value of future benefits payments commuted and (d) no lump sum award, commutation, or settlement, shall be construed to deprive a miner of his right to future medical benefits or services under such State law.

                    
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