Document ZBbQLV3wdVgDndMOvQ74MLkLY

S^UHER1! ' L. Mr?-.! ; ;-v Ro b e r i E. Pa v ;.! De n n is S O'Bk .ie n L. Ro b e r t Mu e l l e r Ke v in j. Da v l in Al l e n C. Mu e l l e r Th o ma s Ma r k Sc h mid t Fa CSIM ILE-TnLECOriEE !2T7) 525-1080 LIVING STONL. MUELLER, O'BRIEN L DAM 620 Ea s t ArLi.rr'v.:. c;i LauEd w a r d s St r e e t 6 Po s t Of f ic e box Sp r in g f ie l d , Il l in o is G2705 Te l e t h o n ; (217; 525-107(1 March 29, 1989 FORM ERL'. Li VINGSTUNE. Mu e l l e r . Dr a k e a n d Da v l in I-,VI N o. ST$&0)-g^> Gu n n in g . O'Br ie n ' " * Etos-i !-%89 C. A. Liv in g s t o .n l 1896-1982 Le s l ie V. Dr a k e 1895-1971 Ms. Christine Nelson Senior Claims Administrator Self-Insurers Service, Inc. Ill East Wacker Drive Chicago, Illinois 60601 In re I vs. Sherwin Williams Your File No. L9925-1--80 Date of Incident: 4/15/81 Dear Ms. Nelson: Pursuant to our recent telephone discussion, I have made some calculations which arrive at two figures: the accrued compensation and interest through 3/31/89; and, the present value of future payments based on life expectancy. Concerning accrued benefits, ill weeks will ha"e.passed March 31, 1989. At the weekly compensation rate found by the Commission ($156.54), compensation accrued is $64,337.94. The interest rate set by the arbitrator's decision was i 7.01%. There is some question concerning whether the interest should be computed on and from the date of arbitra tion or date of review. The Commission's decision issued January 9, 1987. Taking liberties plus or minus a few days, I calculated that the amount of the award which had accrued by January 1, 1987 was $45,955.67. At 7%, the annual interest amounts to $3,216.89. Taking that amount times 2 1/4 years (to 3/31/89), I arrive at $7,236.00 of interest to P be added to the $64,337.94. w H In calculating future benefits, we recognize the widow's age <U today as 65. By my future damage calculator P would have a life expectancy of 10%, we arrive at 8.2014 years. 18.1 years. Capitalizing at Multiplying that times the i; MJb-J 4 annual compensation, $8,140.08, brings a total in future damages to $66,760.05. We are not obligated no pay future compensation ether than weekly, every other week, or monthly' nor the lifetime of the recipient. That, of course, becomes an administrative N40334 0007-SWP-005801358 CONFIDENTIAL