The Ohio Bureau of Workers’ Compensation board of directors is considering an 8% rate cut that the agency says would reduce private employers’ premiums by nearly $90 million in the next fiscal year.
Directors will deliberate and possibly approve the cut at the board’s Feb. 24 meeting. If approved, the rate cut would take effect July 1.
“We are eager to once again lower rates for Ohio employers,” BWC Administrator John Logue said in a statement. “We recently improved to the fifth lowest rates in the nation thanks to the increased focus businesses have o...
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