The Ohio Workers’ Compensation Oversight Commission voted to grant employers a one-time 20 percent dividend on their upcoming bills. The 20 percent dividend reportedly means a savings of more than $61 million for public employers and more than $176 million in savings for private employers. Public employers, which include city, county and state employers, will see the dividend reflected in their bill for calendar year 2004 payable May 15, 2005, while private employers, mostly small- and medium-sized businesses, receive invoices every January and July. The 20 percent dividend will be applied to the January private employer billing.
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