Texas Sets Workers’ Comp Interest and Discount Rate at 3.85%

The Texas Department of Insurance Division of Workers’ Compensation has set the interest and discount rate for the first quarter of 2010 at 3.85 percent.

The rate, effective from Jan. 1, 2010, through March 31, is computed using the treasury constant maturity rate for one-year treasury bills (.35 percent) published on Dec. 17, 2009, plus 3.5 percent as required by state statute.

The rate currently in effect – from Oct. 1, 2009, through Dec. 31, 2009 – is 3.88 percent.

Source: Texas Department of Insruance.