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ADVISORY NOTICE

At the January 13, 2025 Business Meeting, the Commission approved a change to the 2025 business meeting calendar for the month of July. The full advisory may be accessed here. 

At the Business Meeting on January 13, 2025, the Commission received a summary of proposed changes to the Medical Services Provider Manual. A public hearing has been scheduled for February 10, 2025 to receive public comment on the proposed changes. The full advisory and the summary may be accessed here. 

 

Net Present Value Tables Effective January 2, 2018

Tue, 07/03/2018

Net Present Value Tables

Pursuant to Reg. 67-1605(E)(5) the Net Present Value (NPV) Tables for 101 through 500 weeks are calculated at the yield-to-maturity rate of the Five Year U. S. Treasury Note reported by the Federal Reserve on the first business day following January 1. The regulation further states the discount rate shall not exceed six percent or be less than two percent. The Five Year Treasury published by the Federal Reserve on January 2nd, 2018 was 2.25%.
(Source:https://www.treasury.gov/resource-center/data-chart-center/interestrates/Pages/TextView.aspx?data=yieldYear&year=2018.)

Therefore, the Net Present Value Table for weeks one through 100 shall be calculated using a discount rate of two percent (2%). The Net Present Value Table for weeks 101 through 500 shall be calculated using a discount rate of two and one-fourth (2.25%) percent. The present value of the commutable weeks shall be determined based on the present value tables in effect on the date of the award or settlement.

View the NPV Tables.

Gary M. Cannon
Executive Director
gcannon@wcc.sc.gov

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