Texas Sets Workers’ Comp Discount, Interest Rate for Q4 2016

The Texas Department of Insurance, Division of Workers’ Compensation has set a rate of 4.11 percent for any interest or discount provided for in the state’s workers’ compensation statute. The rate is effective for the fourth quarter of 2016.

This rate is computed by using the treasury constant maturity rate for one-year treasury bills (0.61 percent) published on Sept. 16, plus 3.5 percent as required by Texas Labor Code. The rate is effective Oct. 1 through Dec. 31, 2016.

The rate in effect for the previous period of July 1 through Sept. 30 was 4.03 percent.

Source: Texas Department of Insurance