9/11 Victim Compensation Fund Releases Final Totals
By: NY1 News
TWC News: 9/11 Victim Compensation Fund Releases Final Totals
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The final numbers are in Wednesday, and the September 11th Victim Compensation Fund says it has authorized payouts to more than 5,000 people totaling almost $$7 billion.
About 98 percent of eligible victim’s families filed claims, forfeiting the right to file any lawsuits related to the September 11 terrorist attacks on the World Trade Center. The fund closed just a week ago.
The average payout for a death claim is about $$2 million, ranging from $$250,000 to over $$7 million.
More than 2,800 injury claims will also be paid out, mostly to rescue workers. Those payouts range from $$500 to $$8.6 million for a woman badly injured by debris at the World Trade Center.
The amount of individual awards vary based on a formula that takes into account lost income, insurance, dependents and other factors.
Kenneth Feinberg, the Special Master of the fund, sat down with NY1’s John Schiumo Wednesday to share his thoughts on the program.
“The program was an unqualified success,” said Feinberg. “It was an unprecedented program, a unique response to a very unique historical tragedy in American history, and it seems clear to me that number of families that voluntarily entered the program corroborate the success of it.”