Texas Q1 2011 Workers’ Comp Discount, Interest Rate Set at 3.8%

The Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) has set at 3.8 percent the workers’ compensation interest and discount rate for the first quarter of 2011.

This rate is computed by using the treasury constant maturity rate for one-year treasury bills (0.3 percent) issued by the United States Government, as published by the Federal Reserve Board on Dec. 17, 2010, plus 3.5 percent as required by state statute.

The rate is effective Jan. 1, 2011, through March 31, 2011. The rate in effect for the previous period of Oct. 1, 2010, through Dec. 31, 2010, was 3.75 percent.

Source: TDI-DWC