Texas Workers’ Comp Division Sets Discount and Interest Rates

The Texas Department of Insurance Division of Workers’ Compensation has determined that workers’ compensation interest or discount rates from April 1 through June 30, 2006 should be at the rate of 8.26 percent.

This rate is computed by using the treasury constant maturity rate for one-year treasury bills issued by the U.S. government, as published by the Federal Reserve Board on March 17, 2006 (4.76 percent) plus 3.5 percent. The rate shall be effective April 1, 2006 through June 30, 2006.

For more information call Joseph Meyer at (512) 463-6143 regarding rate calculation or Robert Brown at (512) 804-4079 regarding application of the rate.