Employers: BWC true-up reports required by Aug. 15

Ohio employers are required to file a “true-up” report with the Ohio Bureau of Workers’ Compensation (BWC) by Monday August 15th!

Ohio employers are required to file a “true-up” report with the Ohio Bureau of Workers’ Compensation (BWC) by Monday August 15th!

The true-up report allows businesses to reconcile what they paid to the BWC over the last year against what they actually owe the BWC. Remember: Premiums over the last policy year (July 1, 2015 to June 30, 2016) were established on estimated payroll figures. You will be required to report your company’s actual payroll for that period on the true up report which, in turn, might generate a premium credit or a premium assessment.

Your true-up report can be made online, or over the phone by calling 1-800-OHIOBWC

 To report online

  1. Log on to the BWC website with your BWC e-account by entering your user ID and password. Don’t have an e-account? Just click the Create e-account link near the top right-hand corner of the home page and follow the instructions.
  2. From the left-side menu under Payroll/Premium, select Payroll true-up reports.
  3. Next, click the drop-down arrow to select which period you wish to complete, click that period, and then click “next.”
  4. Enter the number of employees and your actual payroll for each manual code, and click “next.”

Please note: BWC will calculate the prospective billing transition credit and make any necessary adjustments based on the reporting of actual payroll. It will be equal to 1/6 of the premium for the 2015 policy year. The system completes its calculation, and you’ll see a net transaction amount.

If you do not owe additional premium or have a credit as your net transaction amount, click “submit” on the verification page, com­plete the BWC electronic signature page, and click “I agree” to finish. You should print the confirmation page for your records.

If you owe additional premium, you may choose to:

  • Pay in full (use this option to pay the entire net transaction amount due);
  • Pay another amount (use this option to pay the amount and any other amounts due); or
  • Submit without payment (use this option if you are going to submit payment with voucher or will be paying online at a later date).

If you decide to pay at the time you report actual payroll online, the system will prompt you to enter your payment information. If you decide to submit your actual payroll without payment, you’ll need to print the payment coupon from the confirmation page, which you’ll mail to BWC. Remember, BWC must receive payment by the due date of the true-up to consider it completed on time.

Finally, be sure to print the payroll true-up confirmation page for your records.

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    Meeting Topics & Dates

    Each meeting will include a breakfast followed by a 30 - 45 minute educational seminar led by a qualified professional in the safety industry.

    July 13, 2016
    October 12, 2016
    January 11, 2017
    April 12, 2017
    August 17, 2016
    November 9, 2016
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    December 14, 2016
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    NEOSC Meeting Details

    Where: Holiday Inn, Independence: 6001 Rockside Rd, Independence, OH 44131

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