Claim of Figelman v. Goldfarb
This case involves an appeal by an employer and the State Insurance Fund from a Workers’ Compensation Board decision denying the Fund's request to offset future workers' compensation benefits against a claimant's third-party settlement proceeds. The claimant, injured in 1988, received a third-party settlement of $225,000 in 1992, after which the Fund sought to offset a $5,520 award for lost earnings during an initial abeyance period (March-August 1988). The Workers’ Compensation Board denied the offset, a ruling upheld by the appellate court. The court reasoned that the $5,520 award constituted "basic economic loss" under Insurance Law § 5102 (a) and was therefore exempt from offset provisions of Workers’ Compensation Law § 29 (4) due to Workers’ Compensation Law § 29 (1-a). Additionally, the Fund's failure to explicitly reserve its right to offset against this specific award at the time of the third-party settlement further supported the Board's decision.