DIR Updates Lump-Sum Annuity Table

The Nevada Division of Industrial Relations announced that the interest rate used to calculate lump-sum settlements will decrease in July. The division Friday adopted an updated actuarial annuity table setting an interest rate of 2.98% for calculating permanent partial disability lump-sum settlements between July 1 and June 30, 2020. The new rate is down, from 3.09% for settlements calculated between July 1, 2018, and June 30. Lawmakers in 2017 passed AB 458 setting the discount rate at the average 30-year Treasury Constant Maturity Rate for March of each year. In December 2017, the divisio...