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Discount and Interest Rates Increased 1.91%

Thursday, September 28, 2017 | 497 | 0 | 0 min read

The Texas Department of Insurance’s Division of Workers’ Compensation has set the discount and interest rates under the Workers’ Compensation Act for the final quarter of 2017 at 4.8%, up from the current rate of 4.71%, an increase of 1.91%. Ryan Brannan DWC Commissioner Ryan Brannan announced the rate change in a Saturday memorandum. The rate was calculated using a formula spelled out in the Texas Labor Code that requires the DWC to take the constant maturity rate for one-year treasury bills into account, plus 3.5%. The Federal Reserve Board indicated on Sept. 16 ...

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