The Bureau of Workers’ Compensation (BWC) annual true-up process is now underway for Ohio private employers. Payroll true-up is an important step necessary for BWC to calculate your workers’ compensation premiums and for you to maintain your policy and participation in rating and discount programs.
True-up means you report your actual payroll for the prior policy year that ended June 30 and reconcile any differences in premium paid. The process is simple. Review true-up instructions here and here (video).
Remember, you must complete the payroll true-up report even if your payroll for the year matches the estimate BWC provided or if you had zero payroll.
BWC will remove employers from their current rating plan or discount program if payroll true-up is not received by August 15. You will also be ineligible for participation in future rating plans or discount programs until all outstanding payroll true-ups are complete. 7/14/2017