COLUMBUS—On Monday, State Senator Bob Peterson (R-Washington Court House) announced a one-time rebate of approximately $1 billion from the Ohio Bureau of Workers' Compensation (BWC) to Ohio's private employers and public-taxing districts. This will be the third such rebate in the last four years.

"This announcement is great news for Ohio's small business owners and another indicator of our state's improving business climate," said Senator Peterson. "Small businesses are a major driver of our state's economy, and this rebate will allow companies to reinvest in their workers, equipment and technology needs." 

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 for the state's employers by nearly 30 percent 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 employers an opportunity to reinvest these savings into expansion and hiring, and that translates into jobs for Ohio families," said Senate President Larry Obhof (R-Medina). "I commend BWC for its sound management and investment decisions. Today presents another important step in our efforts to improve Ohio's business climate."

To become effective, the proposal will first go to the BWC Board of Directors for review, with an expected vote on April 28. If approved, BWC expects to begin sending checks in early July 2017. Most rebates are expected to equal 66 percent of an employer's premium for the policy year ending June 30, 2016 (calendar year 2015 for public employers). Over $90 million of the total rebate will go 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.” 

 
 
 
  
Featured Posts

PHOTO: Peterson Announces Grand Opening Of New Vinton County Supermarket

 

COLUMBUS—State Senator Bob Peterson (R-Washington Court House) joined State Representative Ryan Smith (R-Bidwell) and area leaders for the grand opening of Vinton County's new supermarket, Campbell's Market. 



 
 

MEDIA ADVISORY: Peterson And Smith Invite Area Residents To Attend District Office Hours

 

COLUMBUS—State Senator Bob Peterson (R-Washington Court House) and State Representative Ryan Smith (R-Bidwell) are inviting area residents to attend district office hours on Friday, December 1, 2017 in Gallia, Lawrence and Jackson counties. 



 
 

Peterson Applauds Funding For Area Parks

 

COLUMBUS—State Senator Bob Peterson (R-Washington Court House) today applauded the announcement of local investments through the Clean Ohio Trails Fund, NatureWorks and Recreational Trails grant programs, which seek to improve outdoor recreational opportunities for Ohio families and promote tourism.



 
 

MEDIA ADVISORY: Peterson Invites Area Residents To Attend District Office Hours

 

COLUMBUS—State Senator Bob Peterson (R-Washington Court House) is inviting area residents to attend his district office hours on Monday, November 27, 2017 in Clinton, Highland, Ross and Pickaway counties.