09/22/2020

Ohio BWC Board to Consider Dividend on Sept. 25

It would equal the full premium employers paid in policy year 2019

For the second time since the COVID-19 pandemic began, the Ohio Bureau of Workers' Compensation (BWC) board of directors will vote to provide Ohio employers up to $1.5 billion in dividends. The goal is to ease COVID-19’s impact on Ohio’s economy and business community.

The dividend equals the full premium employers paid in policy year 2019. If approved, checks could be mailed as soon as late October.

This relief is possible because of strong investment returns on employer premiums, a declining annual number of claims and prudent fiscal management. The board will vote on the proposal, championed by Governor Mike DeWine, at its monthly virtual meeting on Sept. 25.