$1.8 Billion in 9/11 Victim Compensation
There has been great progress by the 9/11 Victim Compensation Fund (“VCF”) since the Zadroga Act was reauthorized back in December of last year. The VCF has either met or exceeded its payment timeline and has issued much-needed compensation to victims of 9/11 and their families. Continuing this pattern of success, Special Master Sheila Birnbaum announced today that the 9/11 Victim Compensation Fund (“VCF”) has paid over $1.8 billion to date to 9,017 Group A claimants and is moving toward paying Group B claims.
For those unaware, Group B claims are those who did not receive final decisions on their claims in the form of loss determination letters on or before December 17, 2015. Group A claims are those that were completed prior to this date. The VCF has been aggressively paying out Group A claims in full while processing Group B claims. The VCF began issuing the first Group B decisions on June 30, 2016 and expect to start issuing payments to these claimants as early as mid-August.
Today’s announcement was released in tandem with updated VCF statistics representing activity through the end of the day on July 10, 2016. These statistics reveal that 278 Group B claims have already been determined and are due to receive a total of $38,731,412.92 in the coming months.
In addition, the VCF expects to rollout an overhaul of its claim management system and claim form in the coming weeks. Be sure to check back for more details.
For more information, please contact Pitta Giblin & Baione LLP at email@example.com or call 844-982-2667.