SEPTEMBER 11th VICTIM COMPENSATION FUND
The September 11th Victim Compensation Fund (“VCF”) was created to provide compensation for any individual (or a personal representative of a deceased individual) who suffered physical harm or was killed as a result of the terrorist-related aircraft attacks on the World Trade Center towers on September 11, 2001. Compensation is also available to the responders and construction workers who participated in the removal of the debris and demolition that took place in the immediate aftermath of those crashes. The original Fund was established in 2001 and continues to serve the 9/11 community as a trusted administrator of the funding.
On July 29, 2019, The Never Forget the Heroes: James Zadroga, Ray Pfeifer, and Luis Alvarez Permanent Authorization of the September 11th Victim Compensation Fund was signed into law. The VCF Permanent Authorization Act extends the VCF’s claim filing deadline from December 18, 2020, to October 1, 2090, and appropriates such funds as may be necessary to pay all eligible claims. The bill also modifies the Victim Compensation Fund (VCF):
- to allow claims to be filed until October 2090,
- to require VCF policies and procedures to be reassessed at least once every five years (currently, at least once annually),
- to require claimants to be paid for the amount by which a claim was reduced on the basis of insufficient funding,
- to remove the cap on non-economic damages in certain circumstances, and
- to periodically adjust the annual limit on economic loss compensation for inflation.
For over a decade, J. J. Pierson has represented victims of the terrorist attack, assisted their surviving families in claims before the September 11th Victim Compensation Fund (VCF) and secured awards to compensate individuals exposed to the terrorist attacks in New York City site on September 11th.
For further information contact J. J. Pierson.