Ohio’s private and public employers could receive a $1 billion rebate in worker compensation costs under a plan proposed by the state.
Ohio Bureau of Workers’ Compensation Administrator/CEO Sarah Morrison today proposed the $1 billion rebate, the third such rebate since 2013.
Morrison announced the proposal with Gov. John Kasich at Dynamit, a downtown Columbus company that creates web and mobile applications.
If approved by BWC’s Board of Directors, the proposed rebate, along with previous rebates, credits and rate reductions, would total $6.3 billion the agency has saved Ohio employers in workers’ compensation costs since the start of 2011.
“By continually looking to reduce workers compensation costs to public and private employers, and invest in workplace safety efforts, Ohio has been able to create a much better climate for success for job creators, government employees and workers,” Kasich said in a statement.