Texas Discount, Interest Rate Set for Jan. 1

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The Texas Department of Insurance, Division of Workers’ Compensation determined that any interest or discount provided for in the Texas Workers’ Compensation Act shall be at the rate of 6.84 percent.

This rate is computed by using the treasury constant maturity rate for one-year treasury bills issued by the United States Government, as published by the Federal Reserve Board on Dec. 17, 2007, (3.34 percent) plus 3.5 percent as required by Section 401.023 of the Act. The rate is effective Jan. 1 through March 31, 2008.

Source: Texas Department of Insurance

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