Good News - No Catch 

BWC Approves $1 Billion Rebate and a Premium Rate Reduction

We do not often have the opportunity to deliver good news without a catch.  Even when government reduces taxes, there is usually a catch.  If nothing else, cost of compliance. 

On May 30, 2013, the Ohio Bureau of Workers' Compensation (BWC) Board of Directors unanimously approved: (1) $1 billion in workers' compensation rebates for public and private employers; and (2) a 2.1 percent premium base-rate reduction for private employers.  

Employers can expect their rebates to be approximately 56 percent of last year's premiums. 

The rebate checks may be mailed as soon as late June or early July.  All you need to do is deposit the check. 

 The base-rate reduction for private employers will take effect July 1, 2013.

For more information, read the complete BWC press release