Workers' Compensation

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Workers' Compensation

Insurance that pays for an employee's medical care in the event that he/she is injured at work. Workers' comp may also provide for lost wages and compensate for disability or reduced earning potential. In exchange for receiving workers' comp, the employee surrenders the right to sue the employer for negligence. Workers' comp is mandatory in many jurisdictions and employee paychecks are reduced by the amount of the premium.
References in periodicals archive ?
In addition, the executive order includes the January 14 approval by the Employees' Compensation Commission of the increase and an actuarial study by the Government Service Insurance System that it could finance the hike through the State Insurance Fund without requiring additional contribution from the national government.
A major union aligned itself behind the Sutherland bill, rather than a more encompassing bill introduced by Congressman Daniel McGillicuddy (D-ME) that ultimately became the Federal Employees' Compensation Act.
If society should not, then this law [the Federal Employees' Compensation Act] should not be passed.
Weber argued, "The present Employees' Compensation Act .
In the 64th Congress, 10 bills were introduced--7 in the House and 3 in the Senate--to provide for a more comprehensive Federal Employees' Compensation Program.
When the law went into effect, the Federal Employees' Compensation Commission did not exist.
The onset of the Great Depression in 1929 thrust the Federal Employees' Compensation Program into uncharted waters.
The Office of Workers' Compensation Programs administers the Federal Employees' Compensation Act (FECA).
The maturity of liability, except for employees' compensation, is short-tail in nature.
For several years, a major portion of our management employees' compensation has been tied to incentives related to achieving goals in reducing our company's costs and improving our quality of service and revenues,'' Johnson said.
Each year, individual allocations will be based on employees' compensation.

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