BWC to Send $1.6 Billion in Dividend Payments to Employers

Gov. Mike DeWine this week asked the Ohio Bureau of Workers’ Compensation to send up to $1.6 billion in dividends to Ohio employers to ease the impact of the COVID-19 crisis. On Friday morning, April 10, the BWC board approved the governor’s request in an emergency meeting. The BWC expects it will begin mailing checks to employers later this month. (For more, see this updated FAQ list.)

According to the BWC, this dividend equals approximately 100% of the premiums employers paid in policy year 2018. The bureau will apply the dividend to an employer’s outstanding balances first, including the recent installment deferrals. Any amounts exceeding outstanding balances will be sent to the employer. 4/10/2020