The Texas Division of Workers' Compensation announced that the fourth quarter discount rate will be 7.12%.
The discount rate is used to calculate the present value of future weekly payments for lump-sum settlements.
Every three months, the division adjusts the rate and sets it at a level equal to the U.S. Treasury constant maturity rate for one-year treasury bills, plus 3.5%.
More information, including a chart of historical rates, is here.
...
Related Articles
Comments