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NY A08627

Bill

Official Source

Status

Introduced

5/22/2025

Primary Sponsor

Charles Lavine

Click for details

Origin

Assembly

2025-2026 General Assembly

AI Summary

  • Amends CPLR section 5031(e) governing how future damages are calculated in medical malpractice structured judgments
  • For payment streams exceeding 20 years, replaces the current formula that adds two percentage points above the 10-year Treasury Bond rate with the actual 30-year Treasury Bond rate
  • Maintains the existing 10-year Treasury Bond rate for calculating present value of payment streams up to 20 years
  • Takes effect immediately upon enactment and applies to verdicts entered on or after the effective date

Legislative Description

Changes the discount rate for structured judgments in medical malpractice actions.

Last Action

referred to judiciary

1/7/2026

Committee Referrals

Judiciary5/22/2025

Full Bill Text

No bill text available