Directors of Ohio's Bureau of Workers Compensation unanimouslyapproveda proposal to rebate $1 billion in workers compensationpremiums to 210,000 employers in the state.
|The board also signed off on a base-rate reduction of 2.1percent for private employers for teh 2014 policy year.
|Under the deal, rebate checks ranging from $5 to more than $3million will go to businesses, local governments and schools byJuly.
|Also pending is a request by Gov. John Kasich to the statelegislature to authorize the workers compensation agency toallow it to move toward a prospective-paymentsystem, subsequently requesting its board to issue anadditional $900 million in premium credits to employers in order tomitigate transition costs.
|The two are in addition to a court decision in March that couldprovide businesses in the state another $860 million.
|The state is appealing a decision by a Cleveland judge thatawarded some employers $860 million deemed overpayments to thefund.
|The state argues that the decision was wrong on both the factsand the law.
|At the same time, the president of the group representing theworkers in the lawsuit urged the state to immediately refund the$860 million the court ordered them to repay 270,000 employers.
|Earl Stein, president of Pay Us Back Ohio BWC Inc., said thatwas the way the BWC could really show its “commitment to economicdevelopment” in the state.
|Want to continue reading?
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