Ohio BWC to send $1.6 billion in dividend payments to employers
Updated: April 10, 2020 at 11:15 a.m.
On April 8, 2020, Governor Mike DeWine announced that the Ohio Bureau of Workers’ Compensation (BWC) will send up to $1.6 billion in dividends to Ohio employers to ease the impact of the COVID-19 (coronavirus) pandemic. This equals the total premiums paid by employers in policy year 2018. In an emergency meeting on April 10, 2020, the BWC board approved the measure, which will provide $1.4 billion to private employers and $200 million to local governments. The BWC has provided guidance stating that employers will receive a dividend in an amount that exceeds any outstanding balances.
This is for informational purposes only. It is not intended to be legal advice and does not create or imply an attorney-client relationship.Download PDF