Snyder and Associates

 

Tax Byte

Workers' Compensation Rebates on the Way!

Citing stronger than expected investment returns, on May 30th, the Ohio Bureau of Workers’ Compensation’s Board of Directors approved rebates to Ohio’s 210,000 public and private employers of $1 billion!  The Board also signed off on a 2.1% average rate reduction in base rates for private employers.

BWC estimates that the rebate checks will be mailed to Ohio employers in late June or early July.  The amount of the rebate will be equal to 56% of an employer’s billed premium for the July 1, 2011 through June 30, 2012 policy year.  Employers who reported zero payroll or those in lapsed status will not be eligible for the rebate.

As always, if you have any questions or would like to discuss further, please give us a call.

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