Ohio Governor John Kasich has proposed a one-time dividend of $1 billion (yes, billion with a B) for private and public employers that are state-funded for purposes of workers’ compensation coverage in Ohio. The Governor’s proposal is three-fold:
- Requests that the Bureau of Workers’ Compensation (BWC) Board of Directors authorize a one-time dividend of $1 billion for private employers and public-taxing districts.
- Expands the agency’s successful Safety Grant Program from $5 million to $15 million to support expanded statewide efforts to promote workplace safety and encourage further investment in protecting Ohio’s workers.
- Asks the Legislature to modernize the premium collection model by authorizing BWC to move toward a prospective-payment system and subsequently requesting the board issue an additional $900 million to mitigate transition costs....