Ohio’s fund for injured workers wants to return more than $1 billion of its investment earnings to the state’s 200,000 private and public employers.
The Ohio Bureau of Workers’ Compensation proposed the rebate on March 13. It amounts to two-thirds of the premiums that employers paid in the policy year that ended last June.
The proposal must be approved by the BWC’s board. A decision is planned next month. If approved, checks could be issued in July.
The bureau says the proposal is a result of better-than-projected investment returns and strong financial management.
Republican Gov. John Kasich says the state has created a better “climate for success” by trying to reduce workers’ compensation costs and investing in workplace safety efforts.
Topics Commercial Lines Workers' Compensation Business Insurance Ohio
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