BWC Announcement

Please click here for more information:  A Billion Back

All,

Please find information attached on a few important announcements from the BWC. The major points are as follows:

• Requests that the BWC Board of Directors authorize a one-time dividend of $1 billion for private employers and public-taxing districts.
• Expands the agency’s successful Safety Grant Program from $5 million to $15 million to support expanded statewide efforts to promote workplace safety and encourage further investment in protecting Ohio’s workers.
• Asks the Legislature to modernize the premium collection model by authorizing BWC to move toward a prospective-payment system and subsequently requesting the board issue an additional $900 million to mitigate transition costs. This switch would also result in rate reductions of 2 percent for private employers and 4 percent for public employers.

If you or your members have any questions please let me know. Thanks.

Jason Bainum, MBA
Program Manager
CareWorks Consultants, Inc.
Office: (614) 526-7114
Cell: (614) 832-7685
Fax: (614) 210-5028
www.careworksconsultants.com