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The Ohio Bureau of Workers’ Compensation (BWC) will be issuing a third dividend check to employers to help with the economic impact of COVID-19. Businesses recently received their second dividend check in late October, and the new checks will arrive in mid-December.

Cash Money

 

“If you’re able to reinvest your dividend check back into health and safety programs, we hope you’ll do it. Keeping workers safe and on the job will help lower future workers’ comp claims and protect your most important asset—your employees.”

Dianne Grote Adams

President, Safex

According to the BWC, the ability to give dividends to employers who paid into the system is a result of “healthy investment returns on employer premiums, a declining number of claims each year, and prudent fiscal management.” The third dividend payment, the largest ever at $5 billion, is “approximately four times the total premiums BWC collected from its employer members in policy year 2019,” they shared.

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