The September 11th Victim Compensation Fund (VCF) has announced cuts of up to 70% of future payouts, reports Devlin Barrett of the Washington Post.
The VCF has paid approximately $5 billion (of their $7.3 billion) to about 21,000 people and faces more than 19,000 new claims.
Currently pending claims that were received before February 1, 2019 will be paid at 50% percent of the prior value. Claims that are accepted after February 1, 2019 will be paid at 30%. The fund is scheduled to end in December 2020, though illnesses and deaths will continue.
The VCF was relaunched for sick survivors and recovery workers in 2011 (it originally compensated families of those murdered in the September 11, 2001 terrorist attacks). It was extended by Congress in 2015.
