The Kentucky Department of Workers' Claims (DWC) last week adjusted its 2011 discount rates on lump-sum workers' compensation settlements based on the continuing decline in interest rates on U.S. Treasury bills.DWC Commissioner Dwight Lovan said state law requires discounts to be based upon the interest rate for 10-year T-bills as of the previous Aug 1. DWC subtracts .5% from the interest rate and uses that as the discount rate for the following year.Based upon declining interest rates, DWC reduced the discount rate to 2.125% for 2011 — down from 3.5% for 2008 and 2009. The rate ...
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