1. Regulations
  2. title 20
  3. chapter I
  4. part 30
  5. subpart G
  6. subjgrp 142
  7. § 30.607

View all text of Subjgrp 142 [§ 30.605 - § 30.611]

§ 30.607 - How is a structured settlement (that is, a settlement providing for receipt of funds over a specified period of time) treated for purposes of reporting the recovery?

In this situation, the recovery to be reported is the present value of the right to receive all of the payments included in the structured settlement, allocated in the case of multiple recipients in the same manner as single payment recoveries.

AUTHORITY: 5 U.S.C. 301; 31 U.S.C. 3716 and 3717; 42 U.S.C. 7384d, 7384t, 7384u and 7385s-10; Executive Order 13179, 65 FR 77487, 3 CFR, 2000 Comp., p. 321; Secretary of Labor's Order No. 10-2009, 74 FR 58834.

SOURCE: 71 FR 78534, Dec. 29, 2006, unless otherwise noted.

CITE AS: 20 CFR 30.607