COLUMBUS – State Representative Laura Lanese (R-Grove City) announced Governor DeWine’s plan to issue $5 billion in the form of a rebate to Bureau of Workers’ Compensation policyholders. The funds are intended to ease the financial impact businesses and workers are facing during the coronavirus.
“I applaud Governor DeWine for initiating this critical plan to ensure Ohio’s businesses and workers are fully protected during the pandemic,” said Lanese. “We need to work together as Ohioans to keep businesses open and operating while keeping employees and customers safe and healthy.”
The request will go before BWC’s Board of Directors today. If approved, the total dividends for employers would reach nearly $8 billion in just 2020.
According to Governor DeWine’s office, the $5 billion dividend would be BWC's third dividend of more than $1 billion this year, and the largest one-time dividend ever issued by the BWC. BWC distributed $1.54 billion in April and $1.34 billion in October. At $5 billion, this dividend is approximately four times the total premiums BWC collected from its employer members in policy year 2019.
Lanese continued, “The plan is to provide private and public employers in Franklin County with approximately $559 million. If secured, these funds will be imperative in keeping our local businesses open to experience a positive economic impact.”
For more information on today’s Board meeting, visit bwc.ohio.gov.
Representative Lanese is in her second term serving Ohio’s 23rd District, which covers portions of southwestern Franklin County, including Grove City, parts of Brown, Jackson and Prairie townships, and part of Hilliard. She is a member of the Ohio House leadership team, serving as Assistant Majority Whip.
For more information, contact Representative Lanese’s office at (614) 466-9690 or Rep23@OhioHouse.gov