Amendment to Statutory Interest Rate Doesn't Apply Retroactively

The Kentucky Court of Appeals ruled that a 2017 change in the statutory interest rate for unpaid awards of compensation does not apply retroactively. Case: Excel Mining v. Maynard, No. 2018-CA-000511-WC, 09/14/2018, unpublished. Facts and procedural history: Dennis Maynard suffers from pneumoconiosis. He secured an award of workers’ compensation benefits from his former employer, Excel Mining, for his condition. At the time of his last injurious exposure, in October 2016, Kentucky law provided for an interest rate of 12% on any unpaid installments of workers' compensation inc...