Texas DWC Sets Workers’ Comp Discount and Interest Rates

The Texas Department of Insurance, Division of Workers’ Compensation has determined that effective Jan. 1, 2006, any interest or discount provided for in the Texas Workers’ Compensation Act will be at the rate of 7.82 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. 19, 2005 (4.32 percent), plus 3.5 percent as required by Section 401.023. The rate is effective Jan.1 through March 31, 2006.

For more information, contact Joseph Meyer at (512) 463-6143 regarding rate calculation or Robert Brown at (512) 804-4079 regarding application of the rate.

The DWC recently began posting its newsletter containing news and information about the Division on the agency’s Web site under “News and Publications.”

Commissioner Albert Betts said the Workers’ CompUpdate newsletter is a part of ongoing efforts to improve communications with all stakeholders about the Division and the workers’ compensation system. Workers’ CompUpdate will be published quarterly and can be printed from the Adobe Acrobat PDF file posted on the Web site.