12-589. Discounting future damages to present
value


A. If future damages are ordered to be paid in advance of the period to which they
apply, the court shall compute the present value of the future payments by discounting
each remaining annual payment by a rate of interest equal to the interest rate of the
most recent issue of fifty-two week United States treasury bills sold before the date
damages are discounted.


B. To compute the present value of a lifetime award of future damages pursuant to
section 12-584, subsection C, the duration of the term of payments shall be the life
expectancy of the claimant at the time the computation is made prescribed by the race
neutral life expectancy table for the appropriate sex in the current population survey
collected by the bureau of the census for the bureau of labor statistics of the United
States department of labor.