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Ohio OKs Additional $ 5 Compensation Dividend



The board of the Ohio Bureau of Workers' Compensation on Monday agreed to distribute an additional $ 5 billion in dividends to facilitate the pandemic's impact on state employers – bringing the total Bureau dividend to $ 8 billion this year. This dividend is four times the total premium collected from Ohio employers during the insurance year 2019.

On Wednesday, Ohio Gov. Mike DeWine asked the agency to consider an extra dividend to keep "companies open and employees," he said in a statement. statement.

BWC will apply this new dividend to employers' unpaid balances first and will distribute checks for the remainder in mid-December. The agency issued a dividend of $ 1

.54 billion in April and a further $ 1.34 billion in October.

The agency provides workers' compensation insurance to approximately 245,000 private employers and 4,000 public employers in the state. about the coronavirus crisis here .

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