In a public news release, Governor Mike DeWine and the Bureau of Workers’ Compensation (“BWC”) Administrator/CEO Stephanie McCloud announced a proposed 1.5 billion dollar dividend to Ohio employers after an incredibly successful year for the BWC’s investments. Of the 1.5 billion dollars, approximately 50 million dollars will be paid out to Ohio’s public schools.
Administrator McCloud stated that the 1.5 billion dollar reinvestment is possible due to the BWC’s strong investment portfolio, a decline in injury claims, and positive outcomes from the BWC’s safety and wellness initiatives. Administrator McCloud will be providing the proposal to the BWC Board of Directors to vote upon at the end of June. Should the proposal be approved by the Board, checks will be sent to Ohio’s employers in September.
To read the press release, click here.
Authors: Matthew John Markling, Patrick Vrobel, and John T. Sulik, Jr.
Note: This blog entry does not constitute – nor does it contain – legal advice. Legal jurisprudence is like the always changing Midwestern weather. As a result, this single blog entry cannot substitute for consultation with a McGown & Markling attorney. If legal advice is needed with respect to a specific factual situation, please feel free to contact a McGown & Markling attorney.