Public Employers in Ohio May See Lower Comp Premiums

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.

Topics Commercial Lines Business Insurance Ohio