Texas Decreased Discount Rate and Interest Rate For April 2011 To June 2011

                               Dallas, TX (CompNewsNetwork) - The Texas Department of Insurance, Division of Workers' Compensation has determined, pursuant to the authority and direction given under the Texas Workers' Compensation Act (Texas Labor Code, Section 401.023), that any interest or discount provided for in the Act shall be decreased. 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 March 17, 2011 (the 15th day preceding the first day of the calendar quarter for which the rate is to be effective), plus 3.5% as required by Section 401.023. The rate shall be effective April 1, 2011 through June 30, 2011. The rate in effect for the previous period of January 1,2011 through March 31, 2011 was 3.80%.

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