Paul Giannetti Attorney At Law

Injuries, Accidents, Worker's Compensation Free Consultations (866) 868-2960

  • About
  • Personal Injury
    • Car Accidents
      • Rear End Collisions
      • Statistics
    • Construction Accidents
      • Defective Equipment
      • Electrical Accidents
      • Forklift Accidents
      • Scaffolding & Ladder Accidents
      • Struck by Object
      • Third Party Accidents
    • Motorcycle Accidents
    • Nursing Home Abuse
    • Premise Liability
    • Traumatic Brain Injury
    • Truck Accidents
    • Wrongful Death
  • Workers’ Comp
    • Benefits
    • Workers Comp Forms
    • Comp & Injury Statistics
    • Workers Comp FAQ
    • Requirements
    • Statute of Limitations
    • Union Members
    • What it Covers
    • Schenectady Workers’ Comp
    • Troy Workers Comp
  • Social Security Disability
    • Appeals Process
    • Apply for SSD
    • Claim Denied
    • Disability Benefits
    • Check Your Status
    • SSD Forms
    • SSD Eligibility
    • Statistics
  • Blog
  • Resources
    • Job Openings
  • Contact

Aggregate Trust Fund Payments

November 8, 2011 By Paul Giannetti

Under the Workers’ Compensation Reform Legislation of 2007 insurance carriers are required to make significant deposits, in certain circumstances, in the Aggregate Trust Fund.

The Legislation specifically requires that all non-self insured employers and their carriers, other than the State Insurance Fund, make lump sum payments to the Aggregate Trust Fund upon a finding of a permanent partial disability on or after07/01/07.

The Aggregate Trust Fund is administered by the New York State Insurance Fund, but again, self-insures are not required to make this payment.

The practical relevance of this provision is that many insurance companies are very interested in entering into Section 32 settlements in order to avoid permanent partial disability classification and the resulting deposit into the Aggregate Trust Fund.

If you have work related injury that you believe may result in a permanent disability, take the time to learn your rights and responsibilities and feel free to consult with our office.

FacebookTwitter

Filed Under: Workers' Compensation

Paul D. Giannetti, Attorney BBB Business Review

Contact Us for a Free Consultation

  • This field is for validation purposes and should be left unchanged.

Free Book Download:

Click Here To Download Your Free BookWhen The Dust Settles

Click Here To Download Your Free GuideNY Workers Compensation Guide Booklet

Recent Articles

  • New OSHA Regulations for 2018 and 2019
  • Healthcare Workers Are Most Susceptible to Back Injuries
  • Social Security Disability List of Adult Impairments
  • Social Security Disability Income Limits
  • How Much Compensation Can You Get for a Wrongful Death Claim?
  • NY Workers’ Compensation Nurse Case Managers: What You Should Know
  • Workers’ Compensation Future Medical Settlements in New York
  • Volunteer Firefighter Benefits: What is a VF 3 Form?
  • How to File for Benefits After a Work Accident
  • Can You Be Fired for Getting Injured at Work?

Categories

  • Accidents & Injuries
  • News
  • Social Security Disability
  • Uncategorized
  • Workers' Compensation

Serving accident, injury, and workers' compensation victims throughout Upstate New York including Albany, Fulton, Greene, Montgomery, Rensselaer, Saratoga, Schenectady, Schoharie, Warren, and Washington counties. Attorney Advertising. This website is designed to provide general information to injury victims. It is not intended to be legal advice. It can not and should not be substituted for proper legal representation. You should consult an attorney for legal advise regarding your rights as every case is unique and requires in depth analysis and preparation.

Copyright © 2012 Paul Giannetti Attorney At Law. All rights reserved.


Paul Giannetti Attorney at Law
3 Washington Square
Albany, NY 12205
Phone: 518-243-8011