The National Structured Settlements Trade Association has been assisting JAMS, the administrator of the ELNY Hardship Fund, as it has developed an application process and eligibility criteria, seeking to assure that the $100 million available for distribution provides as much protection as possible for those ELNY annuity payees who most need it.
As part of such efffort, NSSTA reports to its members that it "has conducted two comprehensive briefings for JAMS personnel. Participants in the second briefing included JAMS' General Counsel, Associate General Counsel and Chief Operating Officer and eight JAMS neutrals who are expected to be involved in evaluating Hardship Fund applications. NSSTA also has provided JAMS with extensive comments on its draft Hardship Fund application form, made recommendations concerning eligibility standards and advised JAMS about possible use of life care planning and special needs trusts for ELNY annuity payees in appropriate cases".
- ELNY Hardship Applications are due September 15, 2012.
- Assistance is available through a toll-free number staffed by dedicated call agents trained by JAMS 888-809-2254 or questions@elnyhardship fund.com
- JAMS plans to make its proposed Hardship Fund eligibility guidelines available for comment later this week.