On Wednesday, October 28, Gov. Mike DeWine requested the Ohio Bureau of Workers’ Compensation (BWC) Board of Directors approve a $5 billion dividend that would provide relief to Ohio businesses.
The $5 billion dividend would be BWC’s third dividend of more than $1 billion this year. The BWC distributed $1.54 billion in April and $1.34 billion in October.
If approved, checks would be distributed to businesses in December. The checks would range from hundreds of dollars to millions of dollars for employers covered by the BWC program.
Private employers will see approximately $4.3 billion. Public employers – counties, cities, schools, etc. – will see approximately $687 million in dividends. This includes around $219 million for schools.
BWC’s Board of Directors is scheduled to vote on the request on Nov. 2.