The Schedule for the Distributions of Earnings to Partners assures that all factors to be considered are spelled out in advance of such decisions. It lists the minimun participation amounts and defines what the term "normal participation" means. It also discuses fees and benefits for each partner.
Alaska Recommendation for Partner Compensation
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US-L05042
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ALASKA WORKERS' COMPENSATION ACT (ACT). Employers who employ one or more workers must have workers' compensation insurance. An employer must buy the insurance from a licensed insurance company or be self-insured. Your employer cannot require you to pay any part of the insurance premium.
Employers can be assessed penalties up to $1,000 per employee for each day they remain uninsured, and a mandatory $1,000 per day for violating stop work orders. Please see the Employer's Guide to the Alaska Workers' Compensation Act for additional information.
Form 07-6106. Formally entitled a Workers' Compensation Claim, this is the document filed by an employee to request benefits. This document commences an action before the Alaska Workers' Compensation Board. A Medical Summary must usually accompany this form.
(a) The employer shall furnish medical, surgical, and other attendance or treatment, nurse and hospital service, medicine, crutches, and apparatus for the period which the nature of the injury or the process of recovery requires, not exceeding two years from and after the date of injury to the employee.
WCC ? Workers Compensation Claim Fill out the Report of Injury Form 07-6100 as soon as possible but no later than 30 days after your injury occurred or illness began. Keep a copy of the completed form for your records, and immediately give this form to your employer. You may send a copy to AWCB.
The compensation rate shall be 80% of spendable income, up to a maximum of $1,418. PPI - The Permanent Partial Impairment (PPI) rate is the whole person impairment rating times $273,000.
Typically, workers' compensation disability benefits pay workers 80 percent of their spendable weekly wage. Spendable weekly wage is equal to your take-home pay, or your gross pay minus all payroll tax deductions. Payment is made every two weeks, similar to many wage schedules.