$1 Billion Workers' Comp Refund For Ohio Employers

On May 2, 2013 Gov. John Kasich proposed a workers' compensation rebate for Ohio's 210,000 public and private employers. The rebate could amount to as much as $1 billion. The announcement was made at a press conference at Homage, a small business in the Short North neighborhood of Columbus.

During the conference, Kasich also proposed tripling investments in worker-safety grants and lowering workers' compensation rates for employers by modernizing the way the Bureau of Workers' Compensation (BWC) calculates employers' rates. The $1.9 billion total proposal is possible as a result of the BWC's net assets which currently exceed $8 billion dollars and is more than enough to cover the BWC's financial obligations.

The rebates for Ohio employers will likely range from $5 to over $1 million for some employers. According to Gov. Kasich, this proposal is conservative and will allow the BWC to maintain an...

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