Gov. Mike DeWine has asked the Ohio Bureau of Workers’ Compensation (BWC) Board of Directors to approve a projected $1 billion dividend for Ohio employers.
The proposed payment reinforces a clear record of results. Ohio employers are paying the lowest workers’ compensation rates in more than 65 years, including a 1% private-employer rate reduction that took effect July 1, while BWC remains financially strong enough to return substantial surplus funds to the businesses that paid them.
“This is what a well-managed workers’ compensation system should do,” said Jacob Sargent, director of public policy services for the Ohio Manufacturers’ Association. “Protect injured workers, maintain the financial strength to meet future obligations and return excess funds to the employers who paid them. The next governor should look at these results and build on them, not dismantle a system that is delivering historically low rates and returning billions of dollars to Ohio employers.”
The dividend would equal approximately 90% of premiums paid during the 2022 policy year. If approved in August, it would bring total BWC dividends under the DeWine administration to $10.2 billion, with the typical employer receiving more in dividends since 2019 than it paid in premiums during that period.
OMA has urged Ohio’s next governor to protect the reforms that strengthened the system, improved transparency and helped produce these results.
Employers that have not completed their 2022 policy-year true-up or have a lapsed status may be ineligible for the dividend. They have until Friday, Aug. 28 to resolve those issues. 7/30/2026