Special Funds Under the New York Workmen's Compensation Law

The special funds created by the provisions of the New York Workmen's Compensation Law have attracted considerable attention during recent months. There are three special funds into which compensation insurance carriers and self-insurers are required by law to make payments for every case of injury causing death in which there are no persons entitled to compensation; a fourth fund, commonly known as the Aggregate Trust Fund, into which the stock and mutual companies, but not the self-insurers or the State Insurance Fund, are required by law to pay the present values of all awards made on or after July 1, 1935 for death benefits and for total permanent disability resulting from the loss of both hands, or both arms, or both feet, or both legs, or both eyes, or of any two thereof, or for permanent partial disability resulting from the loss of an arm, leg, hand, foot or eye; and the Stock and Mutual Workmen's Compensation Security Funds.