|Post by Founding Partner Stan Lacy|
awards at the yield-to-maturity of the Five Year U.S. Treasury Note published by the United States Treasury Department on the first business day after January 1st each year. This means, for the foreseeable future, carriers will be paying more for lump sum awards, but there are some limits.
Remember, however, the General Assembly adjourns the end of June 2013 and does not convene again until January 2014. It appears there is not enough time to get anything approved this year, so the earliest we can expect to see the new calculation method would be sometime next year.