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BWC rebate, grant and rate reduction plan

June 5, 2013

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The Ohio Bureau of Workers’ Compensation Plan

The Rebate, the Safety Grant Program and the Premium Rate Reduction

Recently, the Ohio Bureau of Workers’ Compensation (BWC) Board of Directors unanimously approved a plan to: (1) Provide a one-time $1 billion workers’ compensation rebate for public and private employers; (2) extend the agency’s Safety Grant Program from $5 million to $15 million and (3) ask the legislature to modernize the premium collection process which is expected to result in a 2.1 percent premium base-rate reduction for private employers.

The rebate is expected to be paid in late June or early July. More than 210,000 Ohio private employers and public-taxing districts will receive approximately 56 percent of their annual premium in the July 1, 2011 to June 30, 2012 policy period.

Eligibility and other items:

  • The private employer must be in active, reinstated, combined or debtor in possession status as of April 1, 2013.
  • Rebates will be reduced by any money owed to the BWC.
  • Employers that report through professional employer organizatons (PEOs) will receive their rebate from the PEO. PEOs are required to pass the rebate on to their members. Private employer group retrospective participants will receive their rebate after their annual review this fall.

Additional information links:

A Billion Back: A three part plan for making workers’ comp work for Ohio

Big day for Ohio business: BWC Board of Directors approve $1 billion rebate, reduction in private employer rates

All content provided in this article is for informational purposes only. Matters discussed in this article are subject to change. For up-to-date information on this subject please contact a Clark Schaefer Hackett professional. Clark Schaefer Hackett will not be held responsible for any claim, loss, damage or inconvenience caused as a result of any information within these pages or any information accessed through this site.

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