This week, the South Carolina Workers’ Compensation Commission (Commission) voted to change the way commuted values of awards in South Carolina are calculated. At its monthly business meeting on Monday, April 15, 2013, the Commission unanimously accepted the recommendation of the majority of the Commuted Value Advisory Committee to discontinue the 5% discount rate for awards… Continue Reading
SC WCC Revises Commuted Value Table
Post by Pete Dworjanyn At the regular business meeting on January 17, 2012, the South Carolina Workers’ Compensation Commission approved a revised 5% Commuted Value or Net Present Value Table as authorized by SC Statute 42-9-301 and Regulation 67-1605. The new table was approved in order to correct calculation errors in the previous table. It is… Continue Reading
