TWCC Sets Discount Rate

January 1, 2003

The Texas Workers’ Compensation Commission has determined, pursuant to the authority and direction given under the Texas Workers’ Compensation Act that any interest or discount provided for in the Act shall be at the rate of 4.98 percent.

This rate is computed by using the treasury constant maturity rate for one-year treasury bills issued by the United States Government, as published by the Federal Reserve Board on December 17, 2002 (1.48 percent) plus 3.5 percent as required by state statutes. The rate shall be effective January 1, 2003 through March 31, 2003.

For more information, call Matt Jung at (512) 804-4568.

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