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Ohio governor urges expanded comp dividend

Mike DeWine

Ohio Gov. Mike DeWine requested that the board of directors for the Bureau of Workers’ Compensation expand a 2020 dividend to include about 3,000 employers that did not meet eligibility requirements last year.

“The requested expansion would allow for approximately $30 million to go to the previously ineligible employers who, through no fault of their own, could not perform their 2019 ‘true-up’ in the time frame for the dividend return,” the BWC said in a statement.

The true-up process requires employers to report actual payroll at the end of the policy year to ensure the accuracy of premiums that are based on estimated payroll. The BWC in 2020 approved a $5 billion dividend for about 178,425 employers.

Gov. DeWine said in a statement that expanding eligibility for the dividend is the right thing to keep businesses open and the state is in the fortunate position of being able to return more money to policyholders.

The BWC said it will communicate directly with eligible employers if its board approves the expansion. The bureau will first apply the dividend to an employer’s unpaid premium balance, then send a check for the balance.




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