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Ohio launches $ 5 billion dividend



The Ohio Bureau of Workers' Compensation will begin issuing $ 5 billion in dividends to state employers to ease COVID-19's impact on businesses, the agency said Wednesday. The fund is entitled to receive the dividend, which will be distributed through a combination of checks in the mail and credits to BWC accounts.

According to the BWC, approximately $ 4.3 billion in dividends will go to private employers and $ 687 million will go to municipal tax areas, such as counties, cities, neighborhoods and schools. BWC will first apply the dividend to an employer's unpaid balance and then send a check for the remainder. Checks will be sent in several installments during the next week.

This is the third dividend approved in Ohio this year. In April, BWC distributed $ 1

.54 billion to employers, and in October, another $ 1.3 billion was distributed.

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