Texas Sets Workers’ Comp Interest Rate at 3.75%

The Texas Department of Insurance, Division of Workers’ Compensation has set the interest or discount rate provided for in the Texas Workers’ Compensation Act at 3.75 percent for the period of Oct. 1 through Dec. 31, 2010.

This rate is computed by using the treasury constant maturity rate for one-year treasury bills (0.25 percent) issued by the United States Government, as published by the Federal Reserve Board on Sept. 16, 2010, plus 3.5 percent as required by Section 401.023 of the Act.

The rate in effect for the previous period of July 1, 2010, through Sept. 30, 2010, was 3.80 percent.

Source: Texas Department of Insurance