Jul 1, 2013

UPDATE - $1 Billion Workers' Compensation Rebate to Public and Private Employers

Alert | Employment Services Alert

Ohio Governor John Kasich’s proposed a one-time dividend of $1 billion for private and public employers who are state-funded for purposes of workers’ compensation coverage in Ohio has been approved by the Bureau of Workers’ Compensation (BWC) Board of Directors.

Qualifying Ohio employers (both private and public) would receive approximately 56% of the annual premium, calculated in the July 1, 2011 to June 30, 2012 rating year for private employers and from January 1, 2011 through December 31, 2011 for public employers. As such, if an employer’s premium for that time period was $100,000 the employer would be entitled to receive a dividend of $56,000. Dividend checks have begun to be mailed and the mailings should be completed by August. In order to be eligible for the proposed dividend, employers who qualify must have active and current policies. If an employer has an unpaid, outstanding balance owed the BWC, any dividend would be reduced by the amount of the balance owed....

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