The Texas Division of Workers' Compensation slightly reduced the discount interest rate that will be used to calculate the present-day value of lump-sum settlements during the second fiscal quarter.
The discount interest rate will be 7.61% from April 1 and June 30, down from 7.74% in the first three months of the year.
Every three months, the division determines interest and discount rates based on the U.S. Treasury constant maturity rate for one-year treasury bills, plus 3.5%.
More information, as well as a chart of historical rates, is here.
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