James W. Smith v. Wilson Co. Concrete

This workers' compensation appeal has been referred to the Special Workers' Compensation Appeals Panel of the Supreme Court in accordance with Tenn. Code Ann. _ 5-6-225(e)(3) for hearing and reporting to the Supreme Court of findings of fact and conclusions of law. In January, 1997, the Supreme Court affirmed a judgment that the plaintiff was totally and permanently vocationally disabled, with benefits awarded accordingly. The plaintiff returned to the trial court complaining that the judgment was not being satisfied in a timely way. He alleged that the accrued benefits were not paid timely, and that his "weekly checks" were sporadic. To correct this problem he filed a motion to require the defendant to pay the entire judgment or, alternatively, "that the Court determine the interest as the parties were in dispute as to the amount and the method by which it should be figured." The trial court ordered the defendant to pay interest calculated on the entire amount of the judgment, i.e., on the unaccrued portion of the judgment. The defendant appeals, insisting that interest cannot be assessed on installments not due. We agree, since the precise issue has heretofore been adjudicated by the Supreme Court. Tennessee Code Annotated _ 5-6-225(h) provides in part: (h)(1) If the judgment or decree of a court is appealed pursuant to subsection (e), interest on the judgment or decree shall be computed from the date that the judgment or decree is entered at an annual rate of interest five (5) percentage points above the average prime loan rate for the most recent week for which such an average rate has been published by the board of governors of the federal reserve system on the total judgment awarded by the supreme court. (2) Total judgment awarded is computed by the total number of weeks multiplied by the benefit rate without any reduction. 2