BWC Announces 1% Rate Cut for Public Employers

The Ohio Bureau of Workers' Compensation said its board of directors approved a 1% rate cut for public employers. The reduction is expected to reduce public employers' annual premiums by $1.8 million after it takes effect Jan. 1. It follows a 6% rate reduction for private employers that took effect July 1 and is projected to save $60 million. According to a statement from the BWC, the rate reductions are the result of employers' commitment to workplace health and safety.  Officials also pointed out that Ohio had the third-highest premiums in the 2008 Oregon study and the fi...