COLUMBUS, Ohio – Gov. Mike DeWine has asked the Bureau of Workers’ Compensation Board of Directors to approve a dividend projected at $1 billion for Ohio businesses.
“Ohio employers have a bright future ahead,” DeWine said. “Our state continues to grow and be one of the best places to live, own a business and have a family.”
The total dividend payments would exceed the premiums employers have paid since 2019, meaning the typical employer will have received more back in workers’ compensation dividends than they have paid in premiums during DeWine’s two terms in office.
This dividend would equal approximately 90% of premiums paid in policy year 2022.
If approved at the August board meeting, this would be the fifth major dividend BWC has paid to employers since 2019, totaling $10.2 billion.
Employers who did not complete their 2022 policy year true-up or have a status that is currently lapsed may be ineligible to receive this dividend. Employers have until Aug. 28 to complete their true-up for the 2022 policy year and resolve their lapsed status to receive the dividend.