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February 06, 2012
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Wills & Trusts News

 

Labor Department Recognizes 5th Anniversary of the Energy Workers Compensation Program

WASHINGTON — The U.S. Department of Labor (DOL) this month marks the fifth anniversary of administering the Energy Employees Occupational Illness Program. The department has administered Part B of the program since its inception in 2001, and was charged with implementation of Part E, a provision created in October 2004 as part of an amendment to the energy program.

Over the past five years, more than 75,000 claims have been filed by workers or their families seeking benefits under the program's Part B provision. Of those claims, the department has reached final decisions on more than 51,000 of them, issuing lump sum payments exceeding $1.5 billion. In addition, the department has paid $104 million to cover costs of necessary medical care for employees with illnesses linked to their employment in the atomic weapons industry. With regard to the Part B claims still pending, the department continues to work in partnership with the National Institute for Occupational Safety and Health, which must complete a radiation dose reconstruction for each cancer case before DOL can decide on that individual's eligibility for payment.

"Ever since Congress gave this program to the Department of Labor, we have been committed to ensuring that eligible injured workers and their families get the compensation they deserve as quickly as possible," said U.S. Secretary of Labor Elaine L. Chao. "The department created a streamlined claims process that reflects Congress' design and is focused on doing everything possible for the workers and their loved ones who have suffered for their contribution to our nation's security." Read more at dol.gov

 

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  News Room  
 
Justice Department Settles Employment Discrimination Lawsuit
The Justice Department today announced that it has reached a settlement with the City of Ville Platte, La., to resolve allegations that the city en...
Read more >


Labor Department Recognizes 5th Anniversary of the Energy Workers Compensation Program
WASHINGTON — The U.S. Department of Labor (DOL) this month marks the fifth anniversary of administering the Energy Employees Occupational Illness P...
Read more >


OSHA Identifies 14,000 Workplaces With High Injury And Illness Rates
WASHINGTON -- Approximately 14,000 employers have been notified that injury and illness rates at their worksites are higher than average and that a...
Read more >


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Common Terms

 


Today's Terms

Market

Definition:
A setting in which buyers and sellers establish prices for identical or very similar products, and exchange goods or services.

Securities and Exchange Commission

Definition:
An independent, non-partisan, quasi-judicial regulatory agency with responsibility for administering the federal securities laws.

Bear market

Definition:
A market in which, in a time of falling prices, shareholders may rush to sell their stock shares, adding to the downward momentum.

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  • Creating A Trust
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