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Interest/Discount Rate Rises for Next Quarter

Tuesday, December 26, 2017 | 164 | 0 | 0 min read

The Division of Workers’ Compensation has determined that any interest or discount provided for in the Texas Workers’ Compensation Act will be at the rate of 5.21% for the first quarter of 2018. Ryan Brannan The rate was computed by using the treasury constant maturity rate for one-year treasury bills (1.71%) as published by the Federal Reserve Board on Dec. 17, plus 3.5% as required by the Texas Labor Code, Section 401.023. The rate will be effective Jan. 1 through March 31, Workers’ Compensation Commissioner W. Ryan Brannan wrote stakeholders late Thursday. The curren...

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