Thursday, August 8, 2002
Family of unmarried man accepts Sept. 11 Fund
A story published today by the New York Times reports that the family of a man killed in the World Trade Center attack has accepted a $1.04 million offer from the federal victims compensation fund.
The victim was a recent college graduate in his 20s, who was unmarried and without children, and who earned nearly $60,000 a year in the financial services industry.
The fund, created by Congress after Sept. 11 and run by Kenneth R. Feinberg, awarded the man $1.19 million for his unfulfilled financial potential and for the family's pain and suffering. Life insurance and workers compensation payments are subtracted, bringing the total down to $1.04 million.
To be eligible for the payments, families must agree not to sue airlines, the government or other entities.
About 650 victims' families have begun filling out applications. More than 3,000 people died Sept. 11 in the terrorist attacks on the World Trade Center and the Pentagon and the crash of United Flight 93 in Pennsylvania.
