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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  
 
U.S. Labor Department Settles With Accounting Firm
The U.S. Department of Labor has obtained a consent judgment and order requiring the firm of Ahlstrom & Baker CPAs in Los Alamitos, California,...
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Labor Secretary Elaine L. Chao Unveils FY 2006 Budget
WASHINGTON—U.S. Secretary of Labor Elaine L. Chao today outlined the President's Fiscal Year (FY) 2006 budget for the Department of Labor. The Pres...
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2005 Labor Budget Will Enhance Labor Law Enforcement
WASHINGTON—U.S. Department of Labor (DOL) officials said today they will continue to focus on targeted enforcement and on compliance assistance to ...
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Common Terms

 


Today's Terms

Gold standard

Definition:
A monetary system in which currencies are defined in terms of a given weight of gold.

Adequate warning

Definition:
If an employee is being punished for violating any kind of company rule, an adequate warning must have preceeded, either through the employee handbook or a signature that states that the employee was made aware of that particular rule.

Capital market

Definition:
The market in which corporate equity and longer-term debt securities (those maturing in more than one year) are issued and traded.

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Hot Topics

 

  • Creating A Trust
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