Ohio Bureau of Workers’ Compensation (BWC) Administrator/CEO Sarah Morrison this week proposed a $1 billion rebate for Ohio’s private and public employers, the third such rebate since 2013.
If approved by the BWC board of directors, more than 200,000 eligible private and public employers would receive a rebate equal to 66% of premiums for the 2015 policy year that ended June 30, 2016 (calendar year 2015 for public employers). The proposal was presented to the board at its meeting this week. If approved at the board’s April meeting, BWC could begin issuing checks in early July.
OMA president Eric Burkland released a statement, saying: “Under the leadership of Governor Kasich and Administrator Morrison, the BWC is improving on many fronts and today’s announcement is just another example of how the agency continues to be responsive to the economic needs of employers while improving services to injured workers. Money going to back to the employer only happens because of prudent financial management and operational efficiencies. The announcement today is another example of the BWC working to make Ohio’s workers’ compensation system a competitive advantage for Ohio.”