Cal. LAB § 5106
This is the official text of Cal. LAB § 5106, part of California’s Labor Code — governs wages, workplace safety, and employee rights.
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Official statutory text
The appeals board shall, upon the request of the Director of Industrial Relations, where the employer is uninsured and the installments of compensation awarded are to be paid in the future, determine the present worth of the future payments, discounted at the rate of 3 percent per annum, and order the present worth paid into the Uninsured Employers Fund, which fund shall thereafter pay to the beneficiaries of the award the future payments as they become due.
Status: in_force · Read it on the official government site
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