Ohio BWC Approves $1.6 Billion Dividend
In response to Governor Mike DeWine’s call for state agencies to help businesses ease the economic impact of COVID-19, Ohio Bureau of Workers’ Compensation approved last Friday to send up to $1.6 billion to Ohio employers. The dividend will equal approximately 100% of the premiums paid by employers in the 2018 policy year with $1.4 billion for private employers and $200 million for government taxing districts including counties, cities, townships and schools.
The dividend is the sixth payment of $1 billion or more since 2013. In total, Ohio BWC has saved employers nearly $10 billion in workers’ compensation costs.
Keep an eye on your mailbox, as the checks are expected to be mailed later this month!