For immediate release: June 7, 2016
BWC to distribute $15 million rebate to Ohio counties
Amount to each county determined
COLUMBUS - The Ohio Bureau of Workers' Compensation (BWC) has determined how much money individual counties will receive from a statewide $15 million rebate
the BWC Board of Directors approved May 26.
The rebates, due to strong investment returns over the last decade, include a high of nearly $1.5 million for Hamilton County to a low of $133 for Fulton County,
the only county receiving less than $4,100. Nearly half of all counties will receive at least $90,000. A full list can be found here.
"Thanks to prudent fiscal management and excellent investment returns, we're pleased to send this money back to county governments," said BWC Administrator/CEO
Sarah Morrison. "While it's up to the counties how to spend these funds, we encourage them to invest in workplace safety programs to help keep employees safe and
contain future costs."
The rebate comes from the Public Work-Relief Employees' Fund (PWRE), which provides counties with workers' compensation coverage for work-relief employees - individuals
who must work for a government entity in exchange for public assistance payments. The PWRE provides compensation and medical benefits to individuals injured in the
course of their public works employment.
The amount of each rebate is based on the premiums the counties paid into the fund for policy years 2005 through 2014. Each of Ohio's 88 county governments
can expect a rebate by the end of June.
The PWRE fund has grown by more than $10 million over the past 10 years, with more than 80 percent of that growth coming from investment earnings.
Ohio's public and private employers pay their workers' compensation premiums into the State Insurance Fund. The PWRE is one of several specialty funds also managed by
BWC. Such funds include the Marine Industry Fund, Coal Workers' Pneumoconiosis Fund and the Disabled Workers' Relief Fund.
# # #
Tony Gottschlich, 614-644-4940 or 614-296-1734, email@example.com
Bill Teets, (614) 728-8045 or 614-425-0013, firstname.lastname@example.org
Ohio Bureau of Workers' Compensation Board of Directors
Chairman Nicholas Zuk, SI Employers | David Caldwell, Employee Organizations | Chan A. Cochran, Public | Peggy Griffith, Employees | Frank Guglielmi,
Investment and Securities| Kenneth Haffey, CPA | David W. Johnson, Large Employers | Stephen E. Lehecka, Actuary | Mark J. Palmer, Investment &
Securities | Tracie Sanchez, Small Employers | Dewey R. Stokes, Employee Organizations
Established in 1912, the Ohio Bureau of Workers' Compensation provides workers' compensation insurance to more than 250,000 public and private Ohio employers.
With nearly 2,000 employees and assets of approximately $30 billion, BWC is the largest state-run insurance system in the United States. Our mission
is to protect Ohio's workers and employers through the prevention, care and management of workplace injuries and illnesses at fair rates. For more, visit www.bwc.ohio.gov.
Follow BWC on Twitter.