- C&R Explained: The Lump-Sum Settlement in PA Workers’ Comp
You’ve heard the term “settlement” or “buy-out” in workers’ compensation. In Pennsylvania, this is most often referred to as a “Compromise and Release” or “C&R.” This video will explain what a C&R is, how it works, and why it might be the right option for you. - A Final Lump-Sum Settlement:
We’ll define a Compromise and Release as a final, lump-sum settlement of your workers’ compensation case. It is a legally binding agreement that, once approved by a judge, closes your case forever. - Ending Your Claim:
We’ll clarify what “closing your case” means. In most C&R settlements, you are giving up your rights to all future wage loss benefits and all future medical benefits related to your work injury. In return, you receive a single payment. - Why Choose a C&R?
We’ll discuss some of the reasons why an injured worker might choose to settle their case with a C&R, such as:- To avoid the uncertainty of litigation.
- To get a large lump sum of money to pay off debts, go back to school, or start a new business.
- To get closure and move on with their life.
- The Judge’s Approval:
We’ll explain that a C&R is not final until it is approved by a Workers’ Compensation Judge at a hearing. The judge’s role is to ensure that you fully understand the terms of the settlement and that you are not being forced into the agreement.
This video is for any injured worker in Pennsylvania who is considering a lump-sum settlement of their workers’ compensation case.