COLUMBUS—Ohio Senate President Larry Obhof (R-Medina) applauded the Ohio Bureau of Workers' Compensation's (BWC) recent rebates to local private employers and public-taxing districts. This summer's one-time, statewide rebate of approximately $1.5 billion is the fourth such rebate in the last five years.
In Senate District 22, which Obhof represents, rebate checks totaling $22,175,480 to private employers and $3,166,792 to public-taxing districts are being mailed this month and next month. A county-by-county breakout for the 22nd District is below:
Ashland county: $3,137,201.25 in total rebates to 761 private employers, and $542,403.70 to 40 public employers
Holmes county: $3,999,809.30 in total rebates to 734 private employers and $270,538.44 to 24 public employers
Medina county: $8,494,482.58 in total rebates to 2,586 private employers and $1,049,793.08 to 35 public employers
Richland county: $6,543,987.43 in total rebates to 1,627 private employers and $1,304,056.95 to 50 public employers
Prudent fiscal management and a focus on worker safety and wellness has enabled BWC to continue to grow and see strong investment returns, making this rebate possible. Ohio has reduced rates to 30-year lows and delivered more than $4 billion in rebates and credits to Ohio employers since 2011. The bureau has also improved programs designed to reduce workplace injuries and has focused more on helping injured Ohioans receive the care they need to return to work.
"This rebate gives Ohio's private sector employers an opportunity to reinvest these savings into expansion and hiring and that translates into jobs for Ohio families," said Obhof. "For public sector employers, like local governments and school districts, this allows more money to be spent on important social services."
Most rebates are expected to equal 85 percent of an employer's premium for the policy year ending June 30, 2017 (calendar year 2016 for public employers). An estimated $48 million of the total rebate will go to schools and $111 million to local governments.
Ohio's workers' compensation rates have gone from 3rd highest in the nation in 2008 to 11th lowest, according to the Oregon Study, a nationally recognized benchmark of rates.
For more information on the approved rebate, click here.