Division Proposing Repeal of Defunct Annuity Table

The Nevada Division of Industrial Relations is proposing to amend its rules by deleting a defunct actuarial annuity table that was once used to determine the amount of lump-sum payments of permanent partial disability awards. Assembly Bill 458, passed by state lawmakers in 2017, made the annuity table obsolete by setting the discount rate as the average 30-year Treasury Constant Maturity Rate for March of each year.  The division proposes to repeal Nevada Administrative Code 616C.502, which lists the factors that used to be applied to awards for monthly PPD to calculate lump-sum se...