Net Present Value Set at 2% for 2021

The South Carolina Workers’ Compensation Commission announced that the net present value discount rate for long-term benefit payments will be 2% in 2021. Net present value tables are based on the yield-to-maturity rate of five-year U.S. Treasury notes reported by the Federal Reserve on the first business day of each year. The five-year rate published Monday was 0.36%, the Workers’ Compensation Commission said. Because the discount rate by rule must be between 2% and 6%, the commission said the net present value table for weeks one through 100, and for weeks 100 through 500, ...