New for 2016: The CompCalc Plus 2016 has been updated to include 2016 indemnity figures for PD and TD. It also now uses and displays the 2010 Census Data for Life Expectancy. It also now has a Present Value (PV) and Cost Of Living Adjustment (COLA) estimator for Life Pension and Total Disability Awards. The PV/COLA calculator estimates the total FV/PV/COLA for a given percentage of disability between 70-100% based on Age at time of first payment, Date of Injury, and inputed PV discount rate/COLA inflation rate. Additionally, the CompCalc Plus 2016 includes the option with a tap of the screen to turn on or off the Combined Value Equation when multiple rating strings are involved. When the Combined Value Equation is turned off the adjusted PD for each rating string is aggregated rather than combined using the Combined Value Equation. Standard Features: The CompCalc Plus 2016 also includes a full PD rating schedule which automatically creates a rating string adjusting the WPI given the Part of Body, Age, Occupation, and DFEC. The Plus version also incorporates a relational database for Occupation and Part of Body making input intuitive and simple.
The CompCalc Plus also has all the features of the CompCalc Basic including a California Workers' Compensation Indemnity Calculator that calculates Permanent Disability, Temporary Disability, Life Pension, Supplemental Job Displacement Benefits, and Death Benefits, for the given date of industrial injury.
Also, like the CompCalc Basic, the Plus version calculates TD liability for a given period based on the default max weekly rate for the date of industrial injury or a TD rate based on AWW (average weekly wage) manually imputed. The CompCalc Plus also provides Life Expectancy given the current age and based upon the 2010 U.S. Life Table as provided by the U.S. Census Bureau. Other features also include a Date Calculator, full listing of QME (qualified medical evaluators) / Body Codes, and full access to support and training videos.
All users of the CompCalc are instructed to consult the specific provisions of the California Labor Code and/or the DEU to ensure the accuracy of the information provided. It is not the intent of this product to provide legal representation, or legal advise. The user of the CompCalc Plus is encourage to retain legal counsel before using this product.
The CompCalc Plus 2016 is trademarked and copyrighted and is the property of the Law Office of Richard L. Montarbo with all rights reserved.