On Wednesday, August 8, Governor Kasich proposed the Ohio Bureau of Workers’ Compensation (BWC) provide $1 billion dollars in premium rebates to Ohio employers. Steve Buehrer, BWC’s Administrator, will present “Another Billion Back” plan at the BWC August Board meeting and if it is approved, the proposal would inject dollars into Ohio’s economy and add another $35 million dollar investment in Ohio worker safety and health & wellness initiatives.
- Provides a one-time rebate of $1 billion for private employers and public-taxing districts.
- Increases BWC’s commitment to safety by up to $35 million over the next two years
- Creates several new safety initiatives that leverage BWC’s occupational health and safety expertise to create innovative solutions for improving the safety, health and wellness of Ohio’s workforce
Mike O’Donnell, director of COSE Compensation Services, explains, “COSE member businesses who had an active workers' compensation policy during the 2012 policy year can expect to receive a rebate check equal to 60% of the premium that they paid for that year. We anticipate those rebate checks to be issued to Ohio businesses throughout the month of October."
Read more: Another Billion Back
COSE has been actively engaged and working with the BWC and the administration to create a more business-friendly workers’ compensation system. For example, Gov. Kasich recently signed legislation supported by COSE that will move Ohio from a retrospective billing system to a prospective billing system beginning in 2015.
Read more on these changes via COSE's written testimony before the Ohio Senate Commerce & Labor Committee.
Questions? Please call 216.592.2351 for more information.