In the Matter of Randy Raynor v. Landmark Chrysler, , Workers' Compensation Board

Summary

The New York Court of Appeals affirmed that the 2007 amendment to Workers’ Compensation Law § 27(2) requires private insurers to deposit the present value of both pre‑amendment uncapped and post‑amendment capped non‑schedule permanent partial disability awards into the Aggregate Trust Fund, and held that the amendment is neither retroactive, arbitrary, nor unconstitutional.