BWC Board Approves $1.5B Dividend

The board of directors for the Ohio Bureau of Workers’ Compensation on Friday approved the governor’s request to declare a $1.5 billion dividend to help businesses weather the economic impact of the COVID-19 pandemic. The dividend is essentially a refund of all premiums from 2019. “The dividend equals 100% of the premium employers paid in policy year 2019,” the BWC said in a statement. “As in prior years, the dividend is possible because of strong investment returns on employer premiums, a declining number of claims each year and prudent fiscal management.&rdquo...