- Reports by the EEOC Establish that Employers Paid Out More Money in Settlements in FY 2013 Than Ever Before
- June 4, 2014
- Law Firm: Heyl Royster Voelker Allen Professional Corporation - Peoria Office
The Equal Employment Opportunity Commission's ("EEOC") administrative division raked in a record $372.1 million in voluntary payments from private sector employers in fiscal year ("FY") 2013 (9/2012-9/2013) according to its December Performance Accountability Report. This figure constitutes the highest in the Commission's history, surpassing FY 2012 by nearly $7 million.
This amount represents sums paid through reported settlements, EEOC-sponsored mediation, and conciliation efforts to about 70,522 individual private sector employees. It does not include amounts paid after a lawsuit was filed whether the case settled or went to verdict.
The Commission reported resolving nearly 14,000 fewer charges in FY 2013 (97, 252) than it did in FY 2012. This indicates an increase in the average amount employers agreed to pay per charge.