DWC Sets Discount and Interest Rate at 3.77% starting April 1

The Texas Division of Workers’ Compensation has determined its discount and interest rate for the period from April 1 through June 30, Workers’ Compensation Commissioner Ryan Brannan announced in a release. Any interest or discount provided for in the state’s workers’ compensation statute during that period will be at the rate of 3.77%. The division computes the rate by using the federal government’s treasury constant maturity rate for one-year treasury bills, as published by the Federal Reserve Board on the 15th day preceding the first day of the calendar quarte...