Ohio Bureau of Workers’ Compensation (BWC) Interim Administrator/CEO John Logue told the BWC board last week that BWC staff is preparing to distribute $5 billion in dividends to employers next month. Checks are expected to be mailed beginning Dec. 10. About $4.3 billion will go to private employers, with $687 million for public employers.
See this FAQs document for more information on the latest round of dividend payments.
Gongwer News Service reports that the BWC’s net position at the end of October was $10.9 billion, down $1.1 billion from its position in October 2019. That doesn’t take into account the $5 billion dividend, which will cut it nearly in half. However, the bureau will still hold a net position of $5.9 billion. 11/24/2020