The proposal states that installments yet to accrue of 101 through 500 weeks must be discounted at the yield-to-maturity rate of the five-year U.S. Treasury note as published by the Department of the Treasury on the first business day after Jan. 1 each year. The discount rate should not exceed 6 percent or be less than 2 percent. The commission will publish a present value table showing the conversion factors. The present value table will apply to all awards made during the year until a new present value table is published the following year. The present value of the commutable weeks must be determined based on the present value tables in effect on the date of the award or settlement. If the commission makes an award of a partial lump sum in excess of 500 weeks, the discount rate will be determined on a case-by-case basis. Written comments are accepted until July 25.
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July 22, 2013
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