The Kentucky Workers' Compensation Commission has announced the new discount rate to be applied to lump sum settlements for next year. Pursuant to KRS 342.265(3), the Commissioner of the Department of
Workers' Claims, before January 1 of each year commencing in 2001, shall fix
the discount rate to be utilized in the succeeding year based at one-half of one
percent (0.5%) below the interest rate paid upon ten (10) year United States
Treasury Notes as of August 1 of the preceding year.
The Commissioner, having reviewed the required financial information,
has established the discount rate t...
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