1. When partial commutation is ordered, the workers’ compensation commissioner shall fixthe lump sum tobe paid at an amount which will equal the future payments for the period commuted, capitalized at their present value upon the basis of interest at the rate provided insection 535.3 for court judgments and decrees. Provisions shall be made for the payment ofweekly compensation not included inthe commutation with allremaining payments to be paid over the same period of time as though the commutation had not been made by either eliminating weekly payments from the first or lastpart of the payment period or by a pro rata reduction in the weekly benefit amount over the entire payment period. 2. When commuting future payments pursuant to this section, ifthe claim for workers’ compensation benefits was related to an injury that resulted in the injured worker needing a medically necessary permanent prosthetic device or an alteration of an existing medically necessary permanent prosthetic device, a portion of the lump sum payment must be designated for the purposes of covering the estimated cost of repair or replacement of the permanent prosthetic device. Moneys identified pursuant to this subsection shall be paid to the treasurer of state as custodian of the second injury fund for administration pursuant to section 85.65, subsection 2, section 85.66, and section 85.67A. [S13, §2477-m15; C24, 27, 31, 35, 39, §1408; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §85.48; 82 Acts, ch 1161, §17] §85.49, WORKERS’ COMPENSATION 24
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