DWC Determines Interest and Discount Rate for 2024 First Quarter

The Texas Division of Workers’ Compensation has determined that any interest or discount provided for in the Texas Labor Code shall be at the rate of 8.45%. The rate is effective Jan. 1 through March 31. DWC determines the interest or discount rates provided for in the Texas Workers’ Compensation Act every quarter. The rates are computed by using the U.S. Treasury constant maturity rate for one-year Treasury bills issued by the federal government, as published by the Federal Reserve Board on the 15th day preceding the first day of the specified quarter, plus 3.5%. Additional inf...