DWC Sets First-Quarter Interest and Discount Rate at 4.41%

The Division of Workers’ Compensation has set a rate of 4.41% for any interest or discount allowed under the Texas Workers’ Compensation Act. The rate is effective for the first quarter of 2017 and is higher than the 4.11% rate for the fourth quarter of 2016. This rate is computed by using the treasury constant maturity rate for one-year treasury bills (0.91%) issued by the U.S. government and as published by the Federal Reserve Board on Dec. 17, plus 3.5% as required by Texas Labor Code, §401.023. For more information, call Dylan McCoy at 512-676-6195. ...