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1st offer / Lump sum settlement
#11
Obviously a lump sum is worth more than a biweekly payment. As I understand the math, your weekly rate would drop to $45.59 as soon as you return to work, so the only way you are going to get all of the money is if you do not return to work until 8/22/2023. If you were to return to work tomorrow, the most you are going to get is $20,061.10, so there initial offer of a lump sum of $68,541.00 does not sound to me like an unreasonable starting point. However, I am not licensed to practice in your state, so as others have said, you would be better off having a local lawyer negotiate your settlement.
Timothy D. Belt
DISCLAIMER: This post is intended as general information applicable only to the state of Pennsylvania. The answer given is based only on the facts provided. This post is not intended to create an attorney client relationship, or to provide any specific guarantee of confidentiality.
 
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Messages In This Thread
RE: 1st offer / Lump sum settlement - 1171 - 04-21-2015, 08:07 PM
RE: 1st offer / Lump sum settlement - 1171 - 04-21-2015, 10:44 PM
RE: 1st offer / Lump sum settlement - Timothy Belt - 04-22-2015, 07:37 PM
RE: 1st offer / Lump sum settlement - 1171 - 04-23-2015, 11:59 PM
RE: 1st offer / Lump sum settlement - 1171 - 04-25-2015, 01:56 PM
RE: 1st offer / Lump sum settlement - 1171 - 05-01-2015, 02:05 PM

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