This week the Ohio Bureau of Workers’ Compensation (BWC) board of directors approved Gov. DeWine’s request to send $5 billion in dividends to Ohio employers to ease the impact COVID-19 on the state’s business community and workforce.
BWC will apply the dividend to an employer’s unpaid balances first, then send a check for the remainder in mid-December. The agency issued a $1.54 billion dividend in late April and $1.34 billion in October.
Employers eligible to receive this latest dividend are limited to the employers that were eligible to receive the October 2020 dividend. The amount of each dividend will be calculated as: the dividend paid to each employer in October 2020 multiplied by a factor of 3.7246. The dividend value equals approximately 372 percent of the policy year 2019 premium paid by eligible employers. 11/3/2020