The Texas Division of Workers’ Compensation is increasing the interest and discount rate for the third quarter to 6.38%.
The new rate will be in effect from July 1 through Sept. 30 and compares to the 4.8% rate in effect from April 1 through June 30.
The rate is the highest of any fiscal quarter since at least the third quarter of 2017, according to information on the DWC website.
The interest rate and discount rate are used to determine funding for the Subsequent Injury Fund, interest on accrued benefits and overpayment of some benefits, and interest on violations.
The division adju...
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