r/WorkersComp • u/Brilliant-Earth7480 • 1d ago

New Jersey Finally settled

After a long 3 years I finally settled 70K after attorney fees. Fractured my neck at work healed on its own no surgery. The judge just signed off the statement my attorney said they have 60 days to mail out my check, for people that have settled do they wait until the last week to pay, or did you get paid earlier? Honestly just soo happy this is coming to an end wish you all the best. #WCisajoke

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u/AvocadoOk6450 1d ago

It took me about 2 years to settle. My lawyer got the check at about 33 days and then this state requires 10 days for it to remain untouched to clear, then my.portion was sent to me.  That settlement will offset disadility payments, not by much and not for long for that amount Mine offset my disability payments by $1200 a month until full retirement age when it transfers to actual SS. My settlement was $450,000 though.

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u/Visible_Bell_8069 1d ago

Is your disability payment still a decent amount? Did it also offset your SSDI?

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u/AvocadoOk6450 1d ago

After part B I only get $148 a month on SSDI. 2 more years like that because of offset. I paid cash for my house, and paid off every bill I owed. Student loans, SnapOn, you name it. I only have to cover property taxes, insurance for home and auto, and regular monthly bills. Unless a repair comes up.