With workplace injuries declining and investment returns increasing, Gov. Mike DeWine and Ohio Bureau of Workers’ Compensation (BWC) Administrator/CEO Stephanie McCloud have proposed rebating $1.5 billion to Ohio employers this year.
If the rebate is approved by the BWC board of directors, checks will be issued to employers in September.
The $1.5 billion amounts to about 88% of employer premiums. This would be Ohio’s fifth investment return to employers of at least $1 billion since 2013, and sixth overall during that time. The BWC has also approved a 20% cut in premiums, the largest reduction in 60 years. 5/20/2019