Title: IN1 Workers' Compensation /LM 132457

Recommendation:
I recommend that the School Board approve the Workers' compensation claim of LM 132457 in the amount of $120,000 representing compensation, attorneys' fees and costs and authorize the execution of all related documents.  This settlement will finalize all outstanding issues.

Description:

The Settlement of this claim was recommended by the District's outside counsel and claim adjusters and has been approved by the Chief Counsel, Chief Financial Officer and Director of Employee Benefits and Risk Management as required by District Policy #6.09.

A 62 year old Custodian sustained injuries from falling and sliding which ultimately resulted in two right knee surgeries and a claim for permanent and total disability.

The District has paid over $82,000 in medical benefits, wage loss and expenses to date.  The present value of future estimated benefits exceeds $380,000, anticipating permanent and total disability.

The claim was settled post mediation for $120,000 pending Board approval; the District will  not be reimbursed by its excess carrier as we have not reached our retention of $300,000.

 The settlement will extinguish all future liabilities.

Financial Impact:
The financial  impact to the District for this settlement is $120,000.  The source of funds is the General Fund.

For Additional Information, contact:
Joseph M. Moore (moorej@palmbeach.k12.fl.us)/ Dianne L. Howard