Texas Workers’ Comp Discount, Interest Rate Set at 6.18%
The Texas Department of Insurance Division of Workers’ Compensation has determined that any interest or discount provided for in the state’s Workers’ Compensation Act shall be at the rate of 6.18 percent.
This rate is computed by using the treasury constant maturity rate for one-year treasury bills as published by the Federal Reserve Board on June 16, 2008, (2.68 percent) plus 3.5 percent.
The rate is effective July 1, 2008 through Sept. 30, 2008.
Source: TDI-DWC
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