New York A 8627: Relates to the discount rate for structured judgments in medical malpractice actions

Bill Text

Bill Search and Legislative Information | New York State Assembly 

• 

• 

• 

• 

• 

• 

• 

• 

 Skip to main content 

 New York State Assembly

 Speaker Carl E. Heastie

 --> 
 --> 

 --> 

• 
 Assembly Members 

• 
 Legislative Info 

• 
 Public Hearings 

• 
 Speaker's Press 

• 
 Assembly Reports 

• 
 Committees & More 

• Bill Search Home
• Laws
• Legislative Calendar
• Public Hearing Schedule
• Assembly Calendars
• Assembly Committee Agenda 

 Javascript must be enabled to properly view this page. 

 Bill No.: 

• Summary 
• Actions 
• Committee&nbspVotes 
• Floor&nbspVotes 
• Memo 
• Text 
• LFIN 
• Chamber&nbspVideo/Transcript 
A08627 Summary:

BILL NOA08627 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORLavine

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd 5031, CPLR

&nbsp

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

Go to top A08627 Actions:

BILL NOA08627 

&nbsp

05/22/2025referred to judiciary

01/07/2026referred to judiciary

Go to topA08627 Committee&nbspVotes:

Go to topA08627 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA08627 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8627

 2025-2026 Regular Sessions

 IN ASSEMBLY

 May 22, 2025
 ___________

 Introduced by M. of A. LAVINE -- read once and referred to the Committee
 on Judiciary

 AN ACT to amend the civil practice law and rules, in relation to chang-
 ing the discount rate for structured judgments in medical malpractice
 actions

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Subdivision (e) of section 5031 of the civil practice law
 2 and rules, as added by chapter 86 of the laws of 2003, is amended to
 3 read as follows:
 4 (e) The discount rate to be used in determining the present value of
 5 all streams of payments for periods of up to twenty years shall be the
 6 rate in effect for the ten-year United States Treasury Bond on the date
 7 of the verdict. As to any streams of payments for which the period of
 8 years exceeds twenty years, the discount rate to be used in determining
 9 the present value shall be calculated by averaging, on an annual basis,
 10 the rate in effect for the ten-year United States Treasury Bond on the
 11 date of the verdict for the first twenty years and [two percentage
 12 points above] the rate in effect for the [ten-year] thirty-year United
 13 States Treasury Bond on the date of the verdict for the years after
 14 twenty years.
 15 § 2. This act shall take effect immediately and shall apply to any
 16 verdicts entered on or after such date.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD13057-02-5

Go to top 

• 

 Sitemap 

 Request Information 

 Directions and Maps