1. Regulations
  2. title 20
  3. chapter I
  4. part 10
  5. subpart H
  6. subjgrp 70
  7. § 10.713

View all text of Subjgrp 70 [§ 10.705 - § 10.719]

§ 10.713 - 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 gross recovery?

In this situation, the gross 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, 8102a, 8103, 8145 and 8149; 31 U.S.C. 3716 and 3717; Reorganization Plan No. 6 of 1950, 15 FR 3174, 64 Stat. 1263; Secretary of Labor's Order No. 10-2009, 74 FR 218; Pub. L. 117-263.

SOURCE: 76 FR 37903, June 28, 2011, unless otherwise noted.

CITE AS: 20 CFR 10.713