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Workers’ Comp: Dividends Coming To Ohio Employers
By: Associated Press
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COLUMBUS, Ohio (AP) — Ohio’s insurance fund for injured workers tells employers to watch their mailboxes as it prepares to send out dividend checks totaling around $1.5 billion.
The Ohio Bureau of Workers’ Compensation says strong investment returns, fewer injury claims and agency cost savings are behind the payouts.
Republican Gov. Mike DeWine and BWC Administrator Stephanie McCloud announced their plan to refund employers in May. It was approved by the bureau’s board of directors in June.
It will be the fifth time since 2013 the bureau has returned $1 billion or more to employers.
About 177,000 checks will be mailed in seven batches over four weeks. Checks for public employers go out starting next week, followed by checks to private employers through Oct. 24.