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Update: Jan. 27, 2014

A Billion Back

Most rebate recipients to receive 1099 tax documents
We will send Internal Revenue Service (IRS) 1099 forms no later than Jan. 31, 2014, to most of the employers who received a rebate last year as part of our A Billion Back plan.

The IRS requires us to send a 1099 to all employers who received a rebate greater than $600. Starting Jan. 31, 2014, employers, vendors, etc. will be able to view details and print copies of their 1099 form here. Employers should consult with their tax professional to determine the appropriate tax treatment for the rebate.

Please note: The rebate amount listed on the 1099 form may differ from the actual amount of the rebate you received from us last year. For example, an employer may receive a 1099 listing the rebate amount as $1,200, but the amount of the rebate check received was $800. The difference is due to BWC withholding outstanding balances from an employer's original rebate amount.

If you need more information about your 1099 form, send us an email at EFTgroup@bwc.state.oh.us. As previously mentioned, we encourage you to consult your tax professional with questions regarding federal tax reporting.

Majority of checks cashed and making a difference!
Approximately 97 percent of Ohio employers who received a rebate check have cashed it, and many are already using it to make a difference. We've heard stories of hiring new police recruits, purchasing equipment, investing in employee training and even using it to clean up blighted neighborhoods. How did you use yours? Let us know by tweeting your story @OhioBWC.

We're particularly pleased with those employers who've invested a portion of their rebates back into improving workplace safety.
Check out this video to see some companies who made this commitment.

The rebate checks, most of which were mailed by mid-July, were valid for 90 days. After 90 days, the checks are cancelled and need to be reissued. So, we've been making additional efforts to personally reach out to those who did not cash their checks. Where we continue to be unsuccessful, we'll apply the rebate to the employer's account.
Important: If you believe you met the eligibility requirements and have not received a check or credit to your account, call 1-800-644-6292. Before calling, keep these things in mind:

  • Private employers must have been in an active, reinstated, combined or debtor in possession status as of April 1, 2013; public-taxing districts must be in an active or reinstated status as of March 31, 2013. Employers that do not meet all criteria will not be eligible to receive a rebate;
  • Employers with outstanding balances will have their rebates credited to their account;
  • Employers who report through a professional employer organization (PEO) will receive their rebate from their PEO, which is required to pass a portion of the rebate on to their members.

For immediate release: May 30, 2013

On May 2, 2013, Governor John R. Kasich joined BWC Administrator/CEO in announcing a three-part proposal to help stimulate Ohio's economy, improve worker safety and modernize the Ohio Bureau of Workers' Compensation. Since that time, progress has been made toward implementing the three elements of the proposal. To date:

  • The BWC Board of Directors authorized a one-time dividend of $1 billion for private employers and public-taxing districts. This means nearly 210,000 businesses, local governments and schools could see checks equal to 56 percent of their annual premium, as early as late June.

  • The Bureau has made changes to its successful Safety Grant Program, including tripling the amount of money available from $5 million to $15 million to support expanded statewide efforts to promote workplace safety and encourage further investment in protecting Ohio's workers. The bureau will also now match every employer dollar with three dollars and has established a policy to allow business to get additional awards over their lifetime. These changes will be in effect by July 1, 2013.

  • Legislation has been passed to modernize the premium collection model by authorizing BWC to move toward a prospective-payment system. If passed, BWC would ask its Board of Directors to issue $900 million in credits to mitigate transition costs for employers. This switch, which could happen in late 2014, would also result in rate reductions of 2 percent for private employers and 4 percent for public employers.

Assuming full implementation of this nearly $2 billion plan, BWC's net assets will still be in the high upper range of the asset guidelines established by the BWC Board of Directors. This means the bureau remains financially strong and able to meet all of its obligations to care for Ohio's injured workers.

For more information, view:

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