Beginning Jan. 1, 2010, workers’ compensation premiums for Ohio’s Public Employer Taxing Districts (PECs) will drop by an average of 17 percent.
The Ohio Bureau of Workers’ Compensation (BWC) Board of Directors, which announced the rate decrease, said the PECs represent approximately 3,800 Ohio cities, counties, townships, villages, schools and special taxing districts.
Rates for individual PEC entities will differ based on their individual claims history. While the total, overall change will be a decrease of 17 percent from the current year, some employers may see a slight increase while others will experience decreases.
The board is expected to vote on rule changes to set the actual rates for each PEC industry group at its November meeting.
Was this article valuable?
Here are more articles you may enjoy.
KCC Says Isaias Insured Losses to Be $3 Billion; AM Best Calls Storm an Earnings Event 
Chubb Q3 Net Income Down Slightly on More Catastrophe Losses 
Former Trident Reciprocal CEO Ordered to Pay $468K in Attorney and Arbitrator Fees 
Storm Austen Will Be Stronger Than Forecast Along UK Coasts From This Issue
