New York Codes, Rules and Regulations
Title 12 - DEPARTMENT OF LABOR
Chapter V - Workers' Compensation
Subchapter I - Actuarial Procedure
Part 392 - Computation Of Interest On Awards
Section 392.3 - Computation of interest

Universal Citation: 12 NY Comp Codes Rules and Regs ยง 392.3

Current through Register Vol. 46, No. 12, March 20, 2024

(a) When an award is appealed and subsequently is affirmed by a court, the interest shall be computed from the date on which the award notice was filed in the department to the date of payment of the award, except as provided in section 27 of the Workers' Compensation Law.

(b) In all other cases interest shall be computed from 30 days after the date on which the award notice was filed in the department to the date of payment of the award, except as provided in section 27 of the Workers' Compensation Law.

(c) In any computation under subdivision (a) or (b) of this section, interest shall be computed on the amount of the award, including the attorney's fees, and payable to the claimant. The attorney shall not be entitled to interest on his fixed fee.

Disclaimer: These regulations may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.