Home / Workers' Compensation / New Year, New 14B, New AAs, Same Old NPV

New Year, New 14B, New AAs, Same Old NPV

J. Steven Rodenberg

In September of 2016, the Commission revised the language on the Form 14B Physicians’ Statement for the purpose of clarifying information on whether or not future medical care and treatment will be required.  The change prompted several concerns about the Form’s revised language.  Chairman Scott Beck convened an ad hoc advisory group to discuss the concerns and recommend any changes to the Commission.  As a result, the Commission has created a new Form 14B, which is available on the Commission website.  The Commission prefers that parties begin using the revised Form 14B immediately.  However, the Commission will continue to accept the previous Form 14B so long as it is completed by the physician before January 1, 2017.  Beginning March 1, 2017 the Commission will require the use of the newly revised Form 14B.

Deborah Hutto began employment with the Commission on January 13, 2017 as Commissioner Avery B. Wilkerson, Jr.’s administrative assistant.  Ms. Hutto replaced long time administrative assistant Elaine Boyd.

Angie Kicklighter began her employment with the Commission on January 23, 2017 as Commissioner Susan Barden’s administrative assistant. All of the Commissioners’ administrative assistants’ contact information is available on the Commission website.

Pursuant to Regulation 67-1605, the Net Present Value (NPV) tables are calculated at the yield-to-maturity rate of the Five Year US 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 6% or be less than 2%.  The Five Year Treasury published by the Federal Reserve on January 3, 2017 was 1.94%.  Therefore, the Net Present Value tables for the calendar year 2017 will remain the same as the calendar year 2016 at 2%.   The NPV tables are also available on the Commission website.