Texas Sets Workers’ Comp Discount, Interest Rate for 4th Quarter

The Texas Department of Insurance Division of Workers’ Compensation has set the rate for any interest or discount provided for in state workers’ comp statutes at 3.88 percent for the period effective Oct. 1, 2009, through Dec. 31, 2009.

The rate in effect for the previous quarter, July 1 through Sept. 30, was 4.01 percent.

The rate is computed by using the treasury constant maturity rate for one-year treasury bills (0.38 percent) issued by the U.S. Government and published by the Federal Reserve Board on Sept. 16.

Source: Texas Department of Insurance, www.tdi.state.tx.us