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Compromise And Release
#1
I have been reading a lot about different types of settlements here. Is the Compromise And Release one that varies by state, or is that an option in all states?
 
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#2
comp and release is just that they give you a little money and you lose your job....
........I love cats, I just cant eat a whole one by myself......







 
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#3
Fencer,
Here is a link to the C&S form used in California.

http://74.125.95.132/search?q=cache:_jh5...cd=3&gl=us

Basically, through a compromise agreement, it releases your employer of any further liabilty to your injury. The settlement is usually a bit higher because you cut off the possibility of any future medical.

It is a good way to go if your injury is not life altering, but that is a decision only you can make.

What Jayne said is true. Most employers will only agree to a C&S if you resign or retire. They don't want to take responsibility for any other injuries, and the C&S only releases them from the original injury.

Hope this helps. And, I believe it is basically the same in every State. C&S is a common term used in all insurance claims, not just W/C.
Let Go, and Let God......
 
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#4
"compromise and release" has a specific legal meaning and is state specific.
Many states have similar legal agreements that go by different names.
others don't allow them.
 
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#5
1171 Wrote:"compromise and release" has a specific legal meaning and is state specific.
Many states have similar legal agreements that go by different names.
others don't allow them.

Thanks for the replies, I was terminated from my job on the very day that dr said I could not lift more than 10 lbs for the rest of my life (my job was basically being the company "BULL". I live in Mass. and the state website does not offer much info beyond the basics. This forum is a great resource (long time reader).
 
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#6
I think Massachusetts uses form117 for it's lump sum settlements
try here
http://www.mass.gov/Elwd/docs/dia/forms/117.PDF
 
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