L&I May Decrease Discount Rate

Washington's Department of Labor and Industries will hold a public hearing on Jan. 24 to consider decreasing the pension discount rate. The current pension discount rate is 6.3%. L&I has worked with the Workers' Compensation Advisory Committee to develop a plan to reduce that rate annually, through 2022, until it reaches 4.5%, according to a bulletin announcing the proposed rule-making.  The date of intended adoption for the rule would be Feb. 14. Submit written comments about the rule to Suzy Campbell by mail at P.O. Box 44208, Olympia, WA 98504-4208, email at suzanne.camp...