$1.5 Billion Rebate from the Ohio Bureau of Workers’ Compensation

The Ohio Bureau of Workers’ Compensation (BWC) announced that it will be issuing rebates again this year to private employers and public-taxing districts, who are up-to-date on their premiums.  This is the fifth time, since 2013, that the agency has returned at least $1 billion to employers.

The rebates are the result of strong investment returns coupled with falling injury claims and “other operational efficiencies.”  When investment returns are strong, the BWC share a portion of the investment with employers.  The $1.5 billion that is being returned to employers represents about 88% of the premiums that were paid for the policy year that ended June 30, 2018.

Private companies are getting most of the rebated money. BWC also said that $114 million will go to counties, cities and townships and almost $50 million will go to public school districts.