The Texas Division of Workers’ Compensation has set any interest or discount rate provided for in the state’s Workers’ Compensation Act at 4.5%, effective April 1 through June 30.
The rate in effect from Jan. 1 through March 31 was 4.41%.
The rate is computed by using the treasury constant maturity rate for one-year treasury bills issued by the U.S. government, as published by the Federal Reserve Board on March 17, plus 3.5% as required by Texas Labor Code Section 401.023.
Ryan Brannan, commissioner of workers’ compensation, issued the new rate on Monday.
For mo...
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