Understanding the Boy Scout Settlement Payout Per Person
The issue of sexual abuse within the Boy Scouts of America (BSA) has been prevalent for many years. Recently, the organization has reached a settlement to compensate victims of these abuses. One of the crucial factors to understand is how the Boy Scout settlement payout per person works.
How Does the Settlement Work?
The settlement is a result of the bankruptcy case filed by BSA in early 2020, which has been resolved after reaching a settlement agreement. The settlement includes a compensation fund of approximately $850 million for survivors who suffered abuse as minors while participating in Boy Scouts.
The compensation fund is distributed among three broad categories of survivors, including those who have filed a lawsuit, those who haven’t but have previously submitted a claim with BSA, and those who haven’t filed a claim at all.
Who is Eligible to Receive Compensation?
For survivors who have filed a lawsuit, the compensation amount is determined by the court based on the severity of abuse suffered, length of time the abuse occurred, and the number of victims involved. Additionally, the settlement creates a trust that will evaluate these claims and make an initial offer of compensation.
Those who have previously submitted a claim with BSA but haven’t filed a lawsuit can also receive compensation from the fund. The amount will vary based on the severity of the victim’s suffering and the number of people who submit a claim.
The third category includes those who haven’t filed a claim. In such cases, a notice will be published across the United States, informing survivors of the settlement and providing them with the opportunity to file a claim.
How is Compensation Paid Out?
The compensation fund will be distributed over several years, and eligible survivors will receive payments in several installments. The first payout is expected to be made in 2021 or later, while subsequent payouts will be distributed over many years, up until 2031.
The bankruptcy court will oversee the distribution of the compensation fund, and survivors will receive compensation through an administrator appointed by the court.
Final Thoughts
The Boy Scout settlement payout per person is a complicated process, and it’s essential to have a clear understanding of what to expect. With the various categories of eligibility and requirements, the compensation process can be challenging to navigate. It’s crucial for survivors to work with lawyers experienced in these types of cases to ensure that they receive fair and just compensation. This settlement is a step forward in ensuring accountability for sexual abuse in the BSA and justice for victims.
