DIR Cuts Interest in Updated Lump-Sum Annuity Table

The Nevada Division of Industrial Relations announced that interest rates used to calculate lump-sum settlements will decrease again in July. The division on Tuesday adopted an actuarial annuity table that sets the interest rate at 1.46% for calculating permanent partial disability lump-sum settlements between July 1 and June 30, 2021. The interest rate fell to 2.98% last year from the 3.09% used for settlements calculated between July 1, 2018, and June 30, 2019. State lawmakers in 2017 passed AB 458, setting the discount rate at the average 30-year Treasury Constant Maturity Rate for March...