DWC Determines Discount and Interest Rates for Third Quarter

The Texas Division of Workers’ Compensation has determined that any interest or discount provided for in the state Labor Code will be at a rate of 8.74%.  The rate is effective July 1 through Sept. 30. DWC determines the interest or discount rates provided for in the Texas Workers’ Compensation Act on a quarterly basis. The rates are computed by using the U.S. Treasury's constant maturity rate for one-year bills issued by the United States government, as published by the Federal Reserve Board on the 15th day preceding the first day of the specified quarter, plus 3.5...