Dublin, OH – The Ohio School Boards Association (OSBA) and Ohio Association of School Business Officials (OASBO) partner to sponsor a group retrospective rating program which allows similar employers to combine their experience to potentially earn rebates based upon good claims performance. The program developed by the Ohio Bureau of Workers’ Compensation (BWC) was first available to public employers in 2010. In order to join the OSBA/OASBO program, a school district must meet underwriting guidelines for claims frequency and severity and must exhibit a commitment to safety and claims management. Group Retrospective rating not only provides an employer in the state of Ohio with a direct premium savings, but BWC statistics show that participation has helped employers improve their experience modifier (EM).
In April, BWC issued rebate checks to participating school districts for the 2011, 2012 and 2013 program years totaling nearly $4 million.
Van Keating, Director of Management Services for OSBA was quick to point out that “for school districts, $4 million translates to roughly 47 school buses or 69 classroom teachers (based on average salaries/benefits).”
Maple Heights Schools in Maple Heights, Ohio is one participating member of the OSBA/OASBO program. “I’m glad I’ve stuck with the program,” said Jeffrey Eble, Business Manager. “I am seeing the benefits of an increased emphasis on claims management, safety and the financial benefits of participating in the OSBA/OASBO program administered by CompManagement and I would like to thank my safety committee for all of their hard work”.
OSBA, OASBO, and CompManagement would like to congratulate all of the districts in the program as they have worked hard to actively manage their workers’ compensation claims, provide a safe workplace for their staff and a safe environment for Ohio’s school children.