The Kentucky Public Service Commission (PSC), in accordance with revisions made to KRS 278.460 in 2012, has calculated the annual interest rate to be paid on member deposits for the upcoming year.

The statute requires the PSC to calculate the interest rate to be paid on an annual basis by averaging the one-year constant maturity treasury rate from September, October and November of each year.

Using data from September, October and November, the PSC has calculated an interest rate of 0.66 percent to be paid on member deposits in 2017.

Frequently asked questions and the revised statute may be found on the PSC’s website.