Section 418.836 - Approval of redemption agreement; findings; factors considered in making determination; employer as party.
WORKER'S DISABILITY COMPENSATION ACT OF 1969 (EXCERPT)
Act 317 of 1969
418.836 Approval of redemption agreement; findings; factors considered in making determination; employer as party.
Sec. 836.
(1) A redemption agreement shall only be approved by a worker's compensation magistrate if the worker's compensation magistrate finds all of the following:
(a) That the redemption agreement serves the purpose of this act, is just and proper under the circumstances, and is in the best interests of the injured employee.
(b) That the redemption agreement is voluntarily agreed to by all parties. If an employer does not object in writing or in person to the proposed redemption agreement, the employer shall be considered to have agreed to the proposed agreement.
(c) That if an application has been filed pursuant to section 847 it alleges a compensable cause of action under this act.
(d) That the injured employee is fully aware of his or her rights under this act and the consequences of a redemption agreement.
(2) In making a determination under subsection (1), factors to be considered by the worker's compensation magistrate shall include, but not be limited to, all of the following:
(a) Any other benefits the injured employee is receiving or is entitled to receive and the effect a redemption agreement might have on those benefits.
(b) The nature and extent of the injuries and disabilities of the employee.
(c) The age and life expectancy of the injured employee.
(d) Whether the injured employee has any health, disability, or related insurance.
(e) The number of dependents of the injured employee.
(f) The marital status of the injured employee.
(g) Whether any other person may have any claim on the redemption proceeds.
(h) The amount of the injured employee's average monthly expenses.
(i) The intended use of the redemption proceeds by the injured employee.
(3) The factors considered by the worker's compensation magistrate in making a determination under this section and the responses of the injured employee thereto shall be placed on the record.
(4) An employer shall be considered a party for purposes under this section.
History: Add. 1981, Act 198, Eff. Jan. 1, 1984 ;-- Am. 1983, Act 151, Imd. Eff. July 18, 1983 ;-- Am. 1985, Act 103, Imd. Eff. July 30, 1985 ;-- Am. 1994, Act 271, Imd. Eff. July 11, 1994
Compiler's Notes: Section 2 of Act 151 of 1983 provides: “This amendatory act shall apply to proposed redemption agreements filed after December 31, 1983.”For legislative intent as to severability, see Compiler's note to MCL 418.213.
Popular Name: Act 317