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Factors for lump-sum compensation in permanent disablement and death under social security code specify age-based conversion factors. The schedule prescribes age-based numeric factors to compute the lump sum equivalent of compensation for permanent disablement and death, using the employee's completed years of age on the last birthday before the compensation fell due. It lists specific declining multipliers for ages from not more than 16 through 65 or more to convert periodic or actuarial amounts into a single lump sum payment.
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<h1>Factors for lump-sum compensation in permanent disablement and death under social security code specify age-based conversion factors.</h1> The schedule prescribes age-based numeric factors to compute the lump sum equivalent of compensation for permanent disablement and death, using the employee's completed years of age on the last birthday before the compensation fell due. It lists specific declining multipliers for ages from not more than 16 through 65 or more to convert periodic or actuarial amounts into a single lump sum payment.
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