ARTICLE
It's like deja vu' all over again! The Ohio Bureau of Workers' Compensation (BWC) Surplus Fund is just under $11 Billion, at a level above the threshold at which the fund is needed to operate. Since employers have put that money in, employers will be getting some of that money back. The robust balance in the fund is attributed to a decrease in the amount of claims filed and excellent returns in the investments of the fund. This July, BWC will be returning an amount equal to 85% of your full premium paid for the 7/1/2016 - 6/30/2017 fiscal year. This will total approximately $1.5 Billion in rebates. If you are in a Group Retrospective Rating Program (not the up-front Group Experience Rating Program) your Billion Back Rebate will be mailed in October after the group retro rebates are determined.