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.
Marsh, Aon in Talks With US on Insuring Tankers in Hormuz 
Travelers Stranded by War Learn Insurance Won’t Cover Flight Cancellations 
Westchester Close to Settling on Hurricane Sally Condo Claim That Topped $230M 
What Berkshire’s CEO Abel Said About Insurance From This Issue
