State comp bureau recommends rate cut for public employersPosted On: Aug. 28, 2015 12:00 AM CST
The Ohio Bureau of Workers' Compensation has recommended a 9% cut in workers compensation rates next year for public employers in the state, the agency said Friday.
The proposed rate decrease would benefit about 3,800 local governments, school districts and special districts in Ohio, the bureau said in a statement. If approved, the rate cut would take effect Jan. 1.
The bureau is Ohio's monopoly workers comp insurer, providing coverage to more than 254,000 Ohio employers, according to the bureau's website. The agency's board of directors is to vote on the rate decrease at its next meeting on Sept. 24.