Employers to Receive Rebates from Bureau of Workers' Comp
A large rebate is likely in the future for about 200,000 employers in Ohio. The state Bureau of Workers’ Compensation hopes to send $1.5 billion back to companies that paid premiums.
The employers set to receive rebates include private businesses as well as local governments and school districts. The $1.5 billion amounted to about 88 percent of employer premiums.
While making the announcement at an electronics manufacturing plant, DeWine called this a near refund.
“For all of Ohioans it’s good news because when companies get this kind of money, this infusion of money they can create more jobs.”
The BWC approved a 20 percent cut in premiums, the largest reduction in 60 years.
DeWine attributed the savings and rate cuts to BWC safety programs.