Notice: Passwords are now case-sensitive
Forgot your password? Register a new account

Connections

Groups

Community Requests

DIR Updates Lump-Sum Annuity Table

Wednesday, December 6, 2017 | 141 | 0 | 0 min read

The Nevada Division of Industrial Relations adjusted its actuarial annuity table used to calculate lump-sum payments for permanent disability benefits in a move that will effectively increase payments to injured workers. The new table that went into effect Monday reduces to 3.08%, from 6%, the interest rate used in calculations to determine that the sum paid now is equal to the amount of money that would otherwise be paid over time, assuming the lump sum payment is invested conservatively. Lawmakers this year passed Assembly Bill 458 requiring the division modify the interest rate each year ...

Purchase this story for only $9.16!Add to Cart


For access to all of our articles, check out our subscription options.

Comments

Be the first to comment.

Related Articles