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The Official Partner of the American WorkerSM
$2.2 Million
Spinal Injury
$897,000
Lower Back Injury

The Concept of Present Value In The Context Of Pennsylvania Workers’ Compensation

A Pennsylvania Workers’ Compensation Lawyer must understand the concept of “Present Value”.  Simply stated, a dollar today is worth more than a dollar tomorrow. Why does this matter in a Pennsylvania Workers’ Compensation case? When it comes to settlement, I often explain to clients that receiving a lump sum of money rather than a period of ongoing wage loss checks is beneficial because you can earn interest on the money, invest it, and/or use it for education. Rather than letting the money sit in a mutual fund of the insurance company gaining interest, you make the money work for you.

Of course, the amount of the settlement has to be fair and take into account the numerous factors that are essential in valuing a Pennsylvania Workers’ Compensation claim- such as the average weekly wage of the injured worker at the time of injury, the nature and extent of the disability, whether any petitions are pending that threaten to reduce or eliminate benefits, the age of the injured worker, the residual alleged earning power, etc. But in a scenario where the Employer/Insurer offers 4 years of checks to be paid out over 4 years, versus 4 years of up front money (or even 3 years up front and 1 year spread out), it is a classic “no brainer” to accept the lump sum amount. The equation gets trickier when the offers entail 4 years of up front money versus 6.5 years spread out.  In these scenarios, the injured worker sometimes likes the security of a regular check over a longer period of time. It goes without saying that every case is unique and injured workers have to consult with their Pennsylvania Workers’ Compensation Lawyer and their family to determine what best fits their lifestyle and goals.

In many cases, the Employer/Insurers offer a lump sum amount. However, in cases involving State Workers, the settlement discussions tend to involve payments over a period of time with a smaller lump sum, up front payment.

For your convenience, here is a link to Wikipedia’s Present Value Page

If you have questions about a Pennsylvania Workers Comp Settlement and how it works then call experienced PA Work Injury Lawyer Michael Cardamone at (267) 651-7945 or email him at michael@cardamonelaw.com for a free and prompt consult 7 days a week.

Awards & Recognitions

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Cardamone Law Has Negotiated Some of the Largest Workers’ Comp Settlements in Pennsylvania

$6 Million
Acted as Co-Counsel on a Case that Settled
$2.2 Million
Spinal Injury
$897,000
Lower Back Injury
$740,000
Amputation
$650,000
Lower Back Injury
$550,000
Neck Injury
$425,000
Leg Injury
$375,000
Knee Injury
$325,000
Ankle Injury
$6 Million
Acted as Co-Counsel on a Case that Settled
$2.2 Million
Spinal Injury
$897,000
Lower Back Injury
$740,000
Amputation
$650,000
Lower Back Injury
$550,000
Neck Injury
$425,000
Leg Injury
$375,000
Knee Injury
$325,000
Ankle Injury

Client Testimonials

"Thank you from the bottom of my heart Mike and Shirley!!"

I called Shirley when I was scared and didn’t know what where my next dime was coming from after I was out with my work injury. Shirley was very kind and helpful guiding me every single step of the way. Mike was not your typical lawyer was not pushy but very responsive to all my gazillion questions. He helped me get my settlement quickly and settlement check in a very timely manner. Would recommend them to anyone! Mike helped calm all my fears and anxieties as I was trying to navigate one of the hardest and most stressful times in my life. Thank you from the bottom of my heart Mike and Shirley!!

- Jen Thompson
Google Reviews
"Best Law Firm around!"

"Cardomone law is absolutely fantastic! They are very responsive and helpful and they will fight to get you what you deserve. Shirley is also very helpful whenever you have any questions! Best Law Firm around!"

- C. Edwards
Google Reviews
"Michael and Shirley are very dedicated...and getting the maximum amount favorable to my case"

"Cardamone Law Firm were very helpful to me since day one. Michael and Shirley are very dedicated to my case giving me updates, answering my questions, being honest with my case, and getting the maximum amount favorable to my case. Thank you so much for your service and dedication and helping me to achieve not only your case but to guide and refer me in other needs too! You guys are the best law firm friendly and dedicated. I will recommend to anyone."

- A. Ortiz
Google Reviews
"Michael won my workers comp case after my employer insurance denied my claim."

"Exceptional firm. Highly recommend this law firm. Michael won my Workers Comp case after my employer insurance denied my claim. Him and his staff were always at my reach for legal and emotional support. Am so happy I hire them. Thanks Michael and Ms. Shirley."

- Carlos P.
Google Reviews
"[They] did an excellent job in getting me financially compensated in a fairly short amount of time."

"I recently had a work related injury and was receiving Workers' Compensation (medical benefits only). Soon after I was fired, so I contacted Paul Silver at Cardamone Law Firm who did an excellent job in getting me financially compensated in a fairly short amount of time. Paul and his assistant Shirley always responded to any questions I had about the case in a very short amount of time. Thank you for helping me with this difficult case."

- Robin C.
Google Reviews
"Highly recommend."

"Cardamone Law was great with helping my husband with his Workers Comp issues. Mike and Shirley were the best with letting us know what was going on every step of the way. Highly recommend."

- Danielle P.
Google Reviews
"Mike Cardamone is amazing"

"Mike Cardamone is amazing. He is "hands down" one of the best lawyers I've ever had the privilege of knowing. He is very kind, understanding, knowledgeable in his field, always very thorough and helpful. He was extremely professional and someone who truly cares about his clients. I felt completely at ease with him. He was a pleasure to work with, explained everything in detail, as well as answered all my questions with knowledge and care. If you want someone you can trust, who communicates every step of the way, will fight for you and make sure you win your case, he is it! I will refer all my family and friends to him. Thank you so much Mike, for everything. I appreciate all your hard work and dedication in helping me."

- Allie M.
Google Reviews
Without a doubt YOU are the best!!!

"Without a doubt YOU are the best!!! Every person who is in the horrible position of being injured at work should have someone as kind, compassionate and knowledgeable as you on their side. You never once made me feel like I was one of a hundred other clients. I always knew you had my back! You answered calls and emails at all hours. You fought every fight for me so I only had to worry about getting well. Behind your nice, calm face there’s a pit bull ready to take on any employer or judge. I can never thank you enough."

- L. Edall
Google Reviews
"Best Workers' Comp Lawyer!"

"Michael is simply the best! He was there for me from day 1 till the end, and we won the case!! He is always available to help. I had a gazillion questions and he would answer them one by one. He's a great lawyer and I feel lucky to have found him online from reading other outstanding reviews about him. Believe me, they're true!"

- Faith B.
Google Reviews
"Great Attorney"

"Great attorney, handled case quickly and efficiently. I would recommend him and would use him again. He was always available to answer any questions we had. Thank you, Mr. Cardamone."

- H. Anderson
Google Reviews