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176.165 LUMP SUM PAYMENTS.
The amounts of compensation payable periodically may be commuted to one or more lump
sum payments only by order of the commissioner of the Department of Labor and Industry,
compensation judge, or Workers' Compensation Court of Appeals in cases upon appeal, and
on such terms and conditions as the commissioner of the Department of Labor and Industry,
compensation judge, or Workers' Compensation Court of Appeals prescribes. In making these
commutations the lump sum payments shall amount, in the aggregate, to a sum equal to the
present value of all future installments of the compensation calculated on a five percent basis.
History: 1953 c 755 s 19; 1973 c 388 s 46; 1975 c 271 s 6; 1975 c 359 s 23; 1976 c 134 s 78

Official Publication of the State of Minnesota
Revisor of Statutes