Hello There, Guest! Login Register
Index    |     Search    |     Members    |     Help

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
aggregate trust fund
if iam ppd and the ins comp is making payments and will continue to then why does the wcb make them pay this amount of money and call is an award? i call the wcb and lady tells me as of the date in the letter the money will be mine, this is where in lost, so pretty much this doesnt effect me when is comes to the so called award
The wcb makes them pay because of a new law in 2007 requiring it. Then, if the IC doesn't make payments to you or they go bankrupt and can't pay, then the ATS can continue to pay you. Its set up to protect the injured worker. It's not an additional award.

I haven't found if ATS has to refund the money to the IC if the IC makes all the necessary payments. I know that they are saying alot of ICs will stop selling WC policies in NY because of this.
so its a good thing for me i guess. at least i know i will always get my weekly benefits no matter what. like i said i have been classified with a ppd. maybe this will finally get them to settle. im sure the ins comp isnt happy about this but its nice to know injured workers have some rights left.
(10-19-2010, 02:42 PM)blake Wrote: i recived a letter from the wcb  it says decision: supplemental.
the present value of the above award is x amount of dollars as of 2/8/11 under section 27 wcl for payment into the aggregate trust fund assuming that compensation benefits have been paid to 2/8/11.

       based apon the above deposit the aggregate trust fund will be liable only for payment for disabilty benefits to the claimant.

  can someone tell me what this means does this mean iam being awarded the amount stated in the letter. will i be reciving this money?
This link should answer your questions: https://www.comp7777.com/workers-compens...-payments/ 

You can call the Workers' Comp Board and they can explain it to you is an alternate way to get the answer you are asking about. Best of luck to you.
thank you welker,
blake has been checking every day for the past 6 years for your answer.
Reminder :
........Each state has their own comp system; POST YOUR STATE to get accurate information. Use the search feature to find information from similar questions.

Possibly Related Threads...
Thread Author Replies Views Last Post
  AM Trust NY WC Eye Injury. PLEASE HELP DS2018 2 961 07-26-2018, 11:27 AM
Last Post: path62
  Receiving sec 32 from NYS Insurance Fund Jeffsande01 2 3,375 10-11-2016, 04:29 PM
Last Post: Jeffsande01
  MSA fund Willis 19 10,037 02-20-2016, 03:32 PM
Last Post: just so
Sad Second Injury fund judge's ruling samepage 3 2,667 11-11-2015, 04:14 PM
Last Post: 1171
  Worker comp company wants to offer medical trust instead of lifetime medical benfits de88iet 1 8,923 10-20-2012, 12:36 AM
Last Post: 1171
  multi injury trust fund in oklahoma jhokern 2 8,701 03-16-2011, 12:59 AM
Last Post: 1171
  Has anyone dealt with Alpha Fund Insurance Carrier soconfused 1 6,688 11-20-2010, 12:55 PM
Last Post: 1171
  Injury Fund queenbee 1 3,501 10-26-2010, 02:08 PM
Last Post: kate
  I won my wc case in Missouri but lost the second injury fund won1stlost2nd 4 8,897 08-27-2010, 12:48 AM
Last Post: Bad Boy Bad Boy
  Social Security Emengency Fund? evolution03 7 8,563 07-19-2010, 10:34 PM
Last Post: Bad Boy Bad Boy

Forum Jump:

Browsing: 1 Guest(s)