Workers comp discount rate set at 4.14% by Texas insurance regulators

Any interest or discount provided in workers compensation claims will be at the rate of 4.14%, the state's Department of Insurance, Division of Workers' Compensation said.

The 4.14% rate will be in effect from April 1 to June 30, the department said in a statement last week.

It's computed using the treasury constant maturity rate for one-year treasury bills issued by the U.S. Government, plus 3.5% as required by the Texas Labor Code, according to the statement.

The interest rate and discount rate for the previous period of Jan. 1 to March 31 was 4.19%, the statement says.