Ronaldo is the victim of a criminal act. The event takes place on January 1, 2015. At the time of the event, Ronaldo was single with no dependents. He had a gross salary of $40,000 and 90% of his take home pay equals $27,271.54 per year. Ronaldo's date of birth is July 1, 1970.
Following the assessment of the sequelae and functional limitations, the Direction générale de l'IVAC has determined a permanent disability percentage of 5%.
The calculation will be as follows: ($27,271.54 x 5%)/12 = $113.63 per month in 2015.
The Direction générale de l'IVAC must revalue the amount when the monthly pension starts, which is in 2021.
New reset amount in 2021 for the pension: $124.61 per month.
In certain circumstances, it is possible to allow for a lump sum payment. In this case, the Direction générale de l'IVAC must calculate the amount of the pension in 2021 x 129.20 (the amount corresponding to the actuarial value of a person aged 48, which is Ronaldo's age, at the time the permanent disability benefit is paid).
The calculation will be as follows: $124.61 x 129.20 = a principal sum of approximately $16,099.61.
The actuarial value schedule is available in Appendix E of the Loi sur les accidents de travail (LAT).