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
