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$1 Billion In Workers’ Compensation Rebates Could Come To Employers As Early As October
By: Associated Press
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State officials have announced a plan to send Ohio businesses and public employers rebate checks from the state's insurance fund for injured workers.
Under the proposal, about 184,000 private employers and 3,800 public employers could receive rebates from the Ohio Bureau of Workers' Compensation.
Republican Gov. John Kasich, who is seeking re-election this fall, discussed the $1 billion rebate plan Wednesday. The bureau's board still must approve it. If passed, checks could be sent as soon as October.
The bureau says solid investment returns have made the rebates possible.
Eligible employers would receive a rebate equal to 60 percent of premiums paid during the July 1, 2012, through June 30, 2013 policy year, or 2012 calendar year for public employers.
A similar rebate plan was approved last year.