Chapter 7 PERIODIC PAYMENTS OFFUTURE DAMAGES AWARDS:AN OVERVIEW OFCPLR ARTICLES 50-A AND 50-B
Index
- 7.0 I. Background
- 7.1 II. Amendment of Article 50-A
- 7.2 III. Simplified Operation of Amended Article 50-A
- 7.3 A. Elimination of Structured Judgments in Certain Instances
- 7.4 B. Future Pain-and-Suffering Damages
- 7.5 C. Future Economic and Pecuniary Damages
- 7.6 D. Specified Discount Rate
- 7.7 E. Setoffs and Adjustments
- 7.8 F. Operation of Annuity Contract and Continuation of Payments
- 7.9 IV. Analysis of Remaining Article 50-A Provisions
- 7.10 A. Security for Stream of Payments
- 7.11 B. Sanctions for Failure to Make Annuity Payments
- 7.12 C. Conversion of Structured Payments into Lump-Sum Payment
- 7.13 D. Settlements
- 7.14 E. Assignment of Periodic Installments
- 7.15 V. Operation of Article 50-B and Judicial Interpretation
- 7.16 A. Overview of Article 50-B Operation
- 7.17 B. Language Regarding Lump-Sum Payments under CPLR 5041
- 7.18 1. Calculation of Lump-Sum Payments for Attorneys’ Fees
- 7.19 2. Determining the Full Value of the Annuity and Structured Payments Schedule
- 7.20 3. Discount Rate and Final Determination of Annuity Payments
- 7.21 4. Modification of Structured Judgment
- 7.22 C. Effect of Death of a Judgment Creditor
- 7.23 VI. Conclusion