For the third time in four years, the Ohio Bureau of Workers’ Compensation is returning more than $1 billion dollars to Ohio’s private and public employers. This is due to an improving safety climate, good fiscal management and better than expected investment returns that have put the fund in a net position of more than $9 billion.
In total, public employers will receive a one-time rebate of approximately $120 million. Most rebates will equal 66% of premium for the policy year ending December 31, 2015. A list of rebate amounts by all public employers can be found here.
Checks will be distributed in batches on a weekly basis, beginning July 10. Public employer rebate checks will be printed first, with all checks being issued by August 1st. The check will arrive in a white envelope labeled IMPORTANT DOCUMENTS ENCLOSED.
If you have any questions related to the BWC rebate, please feel free to contact our workers’ compensation partner, CompManagement, at (800) 825-6755, option 3.