TRUST FUND GUIDE
A plain-English guide to the Combustion Engineering 524(g) Asbestos PI Trust.
If you worked around Combustion Engineering boilers, Stic-Tite cement, or its insulating and refractory products and later developed mesothelioma or another asbestos disease, you may have a claim against the Combustion Engineering 524(g) Asbestos PI Trust. Combustion Engineering built industrial boilers and sold asbestos cements and refractory products for decades, and it set aside money to pay people who got sick. This page explains what the trust is, what it pays, and how to file.
We are Throneberry Law Group, a nationwide mesothelioma and asbestos firm. We help families file trust claims, and we can review your work history at no cost. This guide reflects the trust’s own filings. Nothing here is a promise about your case, and every figure below can change when the trust updates its numbers.
CURRENT TRUST STATUS
The trust pays 15.3 percent of a claim’s value. The trustees set that percentage in their Notice Regarding Payment Percentage dated April 1, 2026, which lowered the prior 20 percent rate. The percentage applies to claims as they are paid from the trust’s queue.
BACKGROUND
The Combustion Engineering 524(g) Asbestos PI Trust pays people who were harmed by asbestos in Combustion Engineering products. Combustion Engineering, based in Windsor, Connecticut, was a major maker of industrial and utility boilers and also sold asbestos-containing cements, insulating block, and refractory products used to line and seal high-heat equipment.
Combustion Engineering filed for Chapter 11 bankruptcy protection in 2003. Under its Plan of Reorganization, as modified through October 7, 2005, the court created this trust under Section 524(g) of the Bankruptcy Code to handle all asbestos personal injury claims, and it began operating under that plan. Claims are filed with the trust, not against the old company.
PRODUCTS & COMPANIES COVERED
The trust covers asbestos personal injury claims tied to Combustion Engineering. Coverage runs through both its products and its approved job sites, including land-based boilers, shipyards, and vessels.
The asbestos years most often cited for Stic-Tite cement and the insulating and refractory products run from 1963 to 1972. The trust also maintains approved lists of boilers, shipyards, and vessels that can support a claim.
INDUSTRIES, TRADES & OCCUPATIONS
Combustion Engineering equipment ran the hottest parts of heavy industry. Boilermakers, pipefitters, insulators, welders, and millwrights built and serviced these boilers, and the asbestos dust reached laborers and other trades nearby. Common sites include power plants, oil refineries, chemical plants, paper mills, and steel mills. You can read more about asbestos exposure among power plant workers and factory workers.
Because the trust also covers approved shipyards and vessels, Navy veterans and shipyard workers who served around boilers may qualify. The firm’s page on Combustion Engineering exposure has more on the kinds of jobs that support a claim.
HOW IT WORKS
The trust follows a written rulebook called the Trust Distribution Procedures, or TDP. The current version is the Second Amended and Restated TDP. The TDP sets a scheduled value for each disease level. Your payment is the scheduled value for your disease times the current payment percentage, which is 15.3 percent.
A quick example. At the $75,000 mesothelioma scheduled value, an Expedited Review claim at the current 15.3 percent pays about $11,475 from this trust alone. Most clients also qualify with several other trusts, so a Combustion Engineering claim is usually one piece of a larger recovery.
FILING OPTIONS
The trust offers a faster fixed-value track and a full-review track. Your attorney helps you choose the one that fits your evidence.
Expedited Review
The trust checks your records against its standard medical and exposure criteria and pays the scheduled value for your disease level times the payment percentage. This track is faster and works well when the proof is clear.
Individual Review
The trust looks at your case in detail. The value can be higher than the scheduled amount, up to the maximum for your disease level, but the review takes longer and the payment percentage still applies. Lung Cancer 2 (Level VI) is handled only through Individual Review.
THE NUMBERS
These are the scheduled, average, and maximum values in the trust’s Second Amended and Restated TDP. The payment percentage of 15.3 percent applies to these amounts. Lung Cancer 2 (Level VI) has no fixed scheduled value and is handled through Individual Review.
| Disease Level | Scheduled Value | Average Value | Maximum Value |
|---|---|---|---|
| Mesothelioma (Level VIII) | $75,000 | $95,000 | $400,000 |
| Lung Cancer 1 (Level VII) | $25,000 | $35,000 | $150,000 |
| Lung Cancer 2 (Level VI) | None | $15,000 | $50,000 |
| Other Cancer (Level V) | $6,000 | $9,000 | $75,000 |
| Severe Asbestosis (Level IV) | $25,000 | $40,000 | $150,000 |
| Asbestosis (Level III) | $4,800 | $4,800 | $4,800 |
| Asbestosis/Pleural (Level II) | $1,800 | $1,800 | $1,800 |
| Other Asbestos Disease (Level I) | $250 | None | None |
Values come from the Combustion Engineering TDP. Levels II and III are paid at their fixed scheduled value. The trust can change these amounts, so confirm the current figures before you rely on them. To see how trust payments fit with lawsuits and other recoveries, read about mesothelioma compensation and typical mesothelioma settlements.
GETTING STARTED
A strong trust claim takes preparation. Here is the path most clients follow with us.
1. Gather medical records. You need clear proof of diagnosis, usually a pathology report and a doctor’s statement tying your disease to asbestos.
2. Document your work history. Build a record of every job site, employer, and time period, including any boilers, shipyards, or vessels you worked on.
3. Match to covered products. Tie your exposure back to Combustion Engineering boilers, Stic-Tite cement, or its insulating and refractory products.
4. Choose your review track. We help decide between Expedited Review and Individual Review based on your evidence and your other trust claims.
5. File and track. Submit the claim and supporting documents, then follow it through the FIFO queue, payment percentage, and payment.
WHY THRONEBERRY LAW
Trust claims can look simple on paper, but small choices change the outcome by thousands of dollars. Most clients qualify with more than one trust, and the order and framing of those claims matter. Attorney Michael Throneberry has a personal reason for this work. His father-in-law died of mesothelioma, so this is not just a case type to him.
22+ Years of Asbestos Work
Attorney Michael Throneberry has pursued asbestos cases for more than two decades, with a focus on getting each client every trust and claim they qualify for.
No Fee Unless We Win
We work on contingency. You pay nothing unless we recover money for you, and your first case review is always free.
Personal Attention
Our founding attorney stays involved in every case, and we travel to you, including to your home or hospital. We also serve Spanish-speaking clients.
GET HELP
If you worked around Combustion Engineering boilers or its asbestos cements and later developed mesothelioma or another asbestos illness, this trust may be one part of what you are owed. We can review your work history, tell you which trusts may pay, and handle the filings so you can focus on your health and your family.
If someone in your family has mesothelioma or another asbestos disease, we can review your work history at no cost and tell you which trusts may pay. There is no fee unless we win. Start by reaching our team through our contact form.
SOURCES
Combustion Engineering 524(g) Asbestos PI Trust, official site (cetrust.org), Home, Resources, and Notices pages.
CE Notice Regarding Payment Percentage, April 1, 2026 (payment percentage set at 15.3 percent).
Combustion Engineering 524(g) Asbestos PI Trust Distribution Procedures, Second Amended and Restated (disease levels and scheduled values).
Product and exposure detail from the firm’s internal Bankruptcy Affidavit (Mooney) checklist and the trust’s approved site lists.
DISCLAIMER
This page is general information, not legal advice. Trust payment percentages, scheduled values, and procedures can change, and the trust’s own filings control. Contacting us through a form or call does not create an attorney-client relationship.
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