DWC Sets Interest and Discount Rate at 3.8% for Coming Quarter

The Texas Division of Workers' Compensation has set the interest and discount rate for payments and settlements under the Workers' Compensation Act at 3.8% for the first quarter of 2011.The rate was computed by using the constant maturity rate for one-year U.S. Treasury bills of 0.3%, as published by the Federal Reserve Board on Dec. 17 (the 15th day preceding the first day of the calendar quarter for which the rate is to be effective), plus 3.5%, as required by the Workers' Compensation Act.The rate is shall be effective Jan. 1 through March 31, 2011.The rate in effect for the cur...