COLUMBUS – Ohio’s 3,900 public employer taxing districts will pay an estimated $22 million less for workers’ compensation coverage next year following today’s decision by the Ohio Bureau of Workers’ Compensation (BWC) Board of Directors to lower overall rates five percent beginning January 1. The board voted today after considering the proposal presented by BWC Administrator/CEO Stephen Buehrer last month.
“This five percent rate reduction will mean a cost savings for public employers of over $20 million,” said Buehrer. “Local communities need additional tools as well as ways to cut costs in these tough economic times. This reduction in workers’ compensation rates should help communities across the state.”
The overall average decrease of five percent will result in even greater reductions for several public employer industry groups. Rates for counties and school districts will decrease by an overall six percent; villages by an overall nine percent; and special districts (excluding transit authorities) by an overall 18 percent.
Rates for individual entities will differ based on several factors. Some employers may experience slight increases while others see decreases based on their own claims history and base rate changes that BWC staff also proposed this month. The board is scheduled to vote on that recommendation, which proposes reductions for 12 of the 14 manual classifications associated with public employer taxing districts, at its November meeting.
The next meeting of the BWC Board of Directors is scheduled for Friday, Nov. 18.
Source: Ohio BWC