BWC Approves $5 Billion Dividends to Ohio Employers
Written by admin on November 2, 2020
The Ohio Bureau of Workers’ Compensation Board of Directors today approved Governor Mike DeWine’s request to send $5 billion in dividends to Ohio employers.
The move is aimed at easing COVID-19’s continued impact on the state’s businesses and workforce.
The dividend will be applied first to an employer’s unpaid balances, then a check will be sent for the remainder in mid-December.
The agency issued a $1.54 billion dividend in late April and $1.34 billion in October.
At $5 billion, the latest dividend is approximately four times the total premiums collected from its employer members in policy year 2019.
