Columbus, OH – Chairman and CEO Karen L. Gillmor recently announced that the Industrial Commission of Ohio has proposed new, lower administrative rates for three of four Ohio employer groups. Chairman Gillmor also announced that a fourth group, while not realizing a reduction, would remain stable with no rate increase.
“We are pleased to be able to propose reduced rates, while still being able to maintain adequate resources to expeditiously serve Ohio employers and injured workers,” said Gillmor. “Through our concerted efforts to curb the costs for administering the workers’ compensation appeals process, the Industrial Commission of Ohio is reducing costs for those doing business in Ohio. Since 2008, when annual revenue was $63.6m, the projected revenue base for calendar year 2013 represents a 26% reduction.”
Ohio employers pay assessments that are used to fund the administrative operations of the Industrial Commission of Ohio. Employers are divided into four distinct groups: Private state insurance fund participating employers, State government agencies, other public taxing districts, and self-insuring employers. Periodically, the Commission examines rates for each of these groups and related operational costs.
The current Administrative Cost Fund Rates for calendar year 2012 and proposed rates for calendar year 2013 are as follows:
|
EMPLOYER GROUP |
2012 |
2013 (PROPOSED) |
|
Private: |
2.10% |
2.03% |
|
Public State: |
3.31% |
3.26% |
|
Public Taxing Districts: |
1.81% |
1.81% |
|
Self-Insuring: |
7.50% |
7.25% |
Source: Industrial Commission of Ohio