- 32 - showed no unusual increases in the Quinns' assets, just a steady accumulation of savings. Mr. Ouinn's Income Mr. Quinn has not been employed since 1982, with the exception of a short period of time during 1984 when he worked for Sharp Mountain Coal Company. Mr. Quinn incurred a work- related injury on August 9, 1984. On December 31, 1985, State Workmen's Insurance Fund sent him a check in the amount of $13,046.97, representing compensation for August 9, 1984 through January 16, 1986, less attorney fees. Thereafter, Mr. Quinn received a disability check of $323.32 every two weeks. In 1982, Mr. Quinn was already 62 years old and eligible to collect Social Security Retirement benefits. As of March 30, 1993, Mr. Quinn's monthly income from Worker's Compensation was $746 and from Social Security $423. In 1982, Mr. Quinn opened and made two contributions totaling $9,996.42 to his annuity account with Prudential Insurance. Mr. Quinn received a partial withdrawal dated April 7, 1983, of $1,117 from his Prudential Insurance annuity account which, with his permission, was deposited into a joint bank account belonging to Mrs. Quinn and Linda. In 1985, Mr. Quinn received $1,564.98 in retirement income from the cash surrender of a Metropolitan Life Insurance Company policy. As of April 14, 1987, the Prudential Insurance annuity contract was worth $15,588.08. On April 6, 1988, Mr. Quinn requested that this contract be distributed as a life annuity, paying 120 monthlyPage: Previous 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 Next
Last modified: May 25, 2011