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Act Now - The Report of the WCB Legislative Review Panel to the

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STAKEHOLDER QUESTIONNAIRE AND SUMMARY OF RESPONSES29. <strong>The</strong> <strong>WCB</strong> may “commute” a worker’s ongoing pension. This means <strong>the</strong> worker gets one lump sum payment and <strong>the</strong> pension s<strong>to</strong>ps. <strong>The</strong><strong>WCB</strong> does this only if <strong>the</strong> worker asks. <strong>The</strong> <strong>Act</strong>s do not describe any conditions for paying a lump sum payment <strong>to</strong> a worker.a) Should <strong>the</strong> <strong>WCB</strong> always have <strong>to</strong> commute a worker’spension if <strong>the</strong> worker asks for it?b) If no <strong>to</strong> (a), should <strong>the</strong> worker have <strong>to</strong> have a reason forasking for a lump sum payment?c) If yes <strong>to</strong> (b), what are good reasons <strong>to</strong> commute apension?d) If no <strong>to</strong> (a), should a worker have <strong>to</strong> show <strong>the</strong> <strong>WCB</strong> that<strong>the</strong>y know how <strong>to</strong> use <strong>the</strong> money?e) Do you think <strong>the</strong> <strong>Act</strong>s should describe when and howworkers could ask for lump sum payments instead <strong>of</strong> anongoing pension?Yes = 35No = 59Yes = 53No = 17Purchase a house or pay down a mortgage = 38Buy a business = 30 Hardship To be discussed with worker reps Gainful employment Bury a family member/funeral costs 3 x Financial problems stemming from being on compensation Should only rarely be allowed <strong>The</strong>re is no good reason pensions should not be commuted. Medical 3 x Worker should deem his/her own needs Any worthwhile endeavor 2 x Education Home renovations for access, etc. 2 x any reason that will improve overall quality <strong>of</strong> life Any reasonYes = 40No = 28Yes = 70No = 20Appendix C Page C19 <strong>of</strong> C33<strong>WCB</strong> <strong>Legislative</strong> <strong>Review</strong> <strong>Panel</strong> <strong>Report</strong> December, 2001

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