Texas Workers’ Comp Discount, Interest Rate Set for Q3

The Texas Department of Insurance, Division of Workers’ Compensation has set the rate for any interest or discount provided for the third quarter of 2016 at 4.03 percent.

This rate is computed by using the treasury constant maturity rate for one-year U.S. treasury bills (0.53 percent) as published by the Federal Reserve Board on June 16, 2016, plus 3.5 percent as required by Texas Labor Code, §401.023.

The rate is effective July 1, 2016, through Sept. 30, 2016. The rate in effect for the previous period of April 1, 2016, through June 31, 2016, was 4.14 percent.

Source: Texas Division of Workers’ Compensation

Topics Texas Workers' Compensation