DWC Sets Discount Rate at 5.58%

Monday, March 26, 2018 | 0

The Texas Division of Workers’ Compensation announced Friday that it has set the discount rate at 5.58%, effective April 1 to June 30. That's up from 5.21% currently.

The discount rate is used to determine the present-day value of money when settling workers’ compensation claims and is adjusted quarterly. State law requires that it be set at the constant maturity rate for one-year treasury bills 15 days before the first day of each calendar quarter, plus 3.5%.

The constant maturity rate for t-bills was 2.08% on March 17.