Today’s issue of WorkCompRecap features the announcement from Ohio Gov. John R. Kasich and the state’s Bureau of Workers’ Compensation (BWC) of their proposal to return $1.5 billion in premium rebates to Ohio employers this summer, expanding savings for employers to $8 billion since 2011.
The proposed rebate equals 85% of the premiums paid for the policy year that ended June 30, 2017 (calendar year 2016 for public employers), and would follow $1 billion rebates issued in 2013, 2014 and 2017. Of the $1.5 billion, an estimated $48 million would go to schools and $111 million would go to local government entities. The rebate is the BWC’s largest in 20 years, and will be proposed to BWC’s Board of Directors today and voted on at the board’s May 24 meeting. If approved, rebate checks would likely be mailed in July and August. As with previous rebates, BWC is also exploring significant investments in health and safety services.
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