COLUMBUS, Ohio—Workers’ compensation premium rates paid by public employers in Ohio would drop an average of 10 percent next year, under a proposal discussed Thursday by the Ohio Bureau of Workers’ Compensation.
The proposed rate reductions, which would save Ohio’s 3,700 school district and local governments a total of $17.8 million, would be the 11th such reduction the BWC has made since 2009, according to a BWC release.
The rate cut will likely be approved during the BWC board’s Aug. 23 meeting.
Chris Carlson, the BWC’s chief actuarial officer, said in a release that the reduction was made possible by a number of factors, including declining claims and comparatively low medical inflation costs.
Read more:
https://www.cleveland.com/open/2019/07/public-workers-comp-premiums-in-ohio-likely-to-be-slashed-again.html
