BWC is preparing to distribute over $1 billion in rebates to more than 200,000 private and public employers. The rebates were approved by the BWC board on April 28. This is the third round of BWC paybacks due, in part, to higher than expected investment returns.
Eligible employers will begin receiving checks in July totaling 66 percent of their premiums for the policy year that ended June 30, 2016 (calendar year 2015 for public employers).
According to published reports, private businesses stand to receive a combined $967 million, while school districts and other public employers will get $133 million.
More information on this is expected to be posted to bwc.ohio.gov soon.
Treasury Circular 230 Disclosure
Unless expressly stated otherwise, any federal tax advice contained in this communication is not intended or written to be used, and cannot be used or relied upon, for the purpose of avoiding penalties under the Internal Revenue Code, or for promoting, marketing, or recommending any transaction or matter addressed herein.