The Texas Division of Workers’ Compensation announced that the discount interest rate will drop by more than a full percentage point during the final fiscal quarter.
The division said any interest or discount rates used in the fourth quarter must be 7.46%, down from 8.57%.
The quarterly discount rate has been over 8% since 2023, with the exception of the second quarter of 2023, when it was 7.99%.
Every three months, the division determines interest and discount rates based on the U.S. Treasury constant maturity rate for one-year treasury bills, plus 3.5%.
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