State:
Free Special Resources
Get Your FREE Special Report. Download Any One Of These FREE Special Resources, Instantly!
Featured Special Report
Claim Your Free Cost Per Hire Calculator
This handy calculator lets you plug in your expenses for recruiting, benefits, salaries, and more.

Graphs automatically generate to show you your annual cost per hire and a breakdown of where you are spending the most money.

Download Now!
June 14, 2010
$700 Million for 9/11 Workers
A settlement concerning the injury claims of thousands of 9/11 workers was reached in court. The settlement amount could total over $700 million.

For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!

The settlement limits the plaintiffs’ attorney fees to 25 percent, a lower cap than was first suggested. The settlement also proposes categories for compensation claims depending on the degree of the injury.

One billion dollars from the federal government was set aside to cover workers' compensation claims of 9/11 rescue, recovery, and clean-up workers. The funds were held by the World Trade Center (WTC) Captive Insurance Company, which was established in July 2004 to insure the city and contractors.

According to the WTC Captive Insurance, workers claiming debilitating respiratory diseases may be eligible for compensation from $800,000 to $1.05 million. The organization also reported that death benefits could be as high as $1.5 million.

A public hearing will be held on June 23 for claimants to raise any objections to the settlement.

The entire amended World Trade Center litigation settlement process agreement can be read online.

Sources:

Businessweek
Department of Homeland Security

Featured Free Resource:
Cost Per Hire Calculator
   
   
 
 
Twitter  Facebook  Linked In
Follow Us
CT-WEB01
Copyright © 2016 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on http://Compensation.BLR.com
Document URL: http://compensation.blr.com/Compensation-news/Compensation/Administrative-Exemption/700-Million-for-911-Workers/