Texas Sets Work Comp Discount, Interest Rate at 3.96%

The Texas Department of Insurance, Division of Workers’ Compensation has set the workers’ comp interest/discount rate for the fourth quarter of 2015 at 3.96 percent.

This rate is computed by using the treasury constant maturity rate for one-year treasury bills (0.46 percent) issued by the United States Government, as published by the Federal Reserve Board on Sept. 16, 2015, plus 3.5 percent as required by Texas Labor Code.

The rate is effective Oct. 1, 2015, through Dec. 31, 2015. The rate in effect for the previous period of July 1, 2015, through Sept. 30, 2015, was 3.78 percent.

Source: TDI-DWC