TDI’s DWC Sets Discount and Interest Rate for 4th Quarter
The Texas Department of Insurance Division of Workers’ Compensation announced it has determined that a 7.36 percent interest and discount rate will apply for the fourth quarter 2005.
This rate is computed by using the treasury constant maturity rate for one-year treasury bills issued by the United States Government, as published by the Federal Reserve Board on Sept. 16, 2005 (3.86 percent) plus 3.5 percent as required by Section 401.023.
The rate is effective Oct. 1 through Dec. 31.
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