NY A03293

Limits workers' compensation liens on third-party lawsuit recoveries to only the portion of the recovery attributable to lost wages or medical expenses, rather than the entire recovery amount

Allows injured employees or their dependents to file a petition with the court to allocate what portion of a third-party recovery applies specifically to lost wages and/or medical treatment

Updates gendered language throughout the statute, replacing "his" with "such employee's" and "chairman" with "chair"

Maintains existing requirements that third-party lawsuits must be commenced within six months after compensation is awarded and before one year from when the action accrues

Preserves the requirement for reasonable attorney's fees and litigation expenses to be deducted before calculating lien amounts, with courts retaining authority to equitably apportion these costs between the employee and lien holder