2020 Employer Dividend Impact on 2018 Group-Retrospective Rating Participants

As reported earlier, the BWC is issuing a 100% dividend of premiums employers paid in the 2018 policy year. How will this impact 2018 Group-Retrospective Rating participants? Private employers included in a 2018 Group-Retrospective program will receive as a rebate 100% of their experience-rated premium as of April 4, 2020. No further financial transactions impacting the 2018 policy year will be paid to, or assessed from, those employers’ policies. In other words, the group-retrospective rating cycle will be complete upon payment of the dividend.

For more, see the BWC’s dividend Q&A. 4/30/2020