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Rep. Keith Faber Applauds Ohio BWC's $1 Billon in Rebates

March 16, 2017
Republican Newsroom

COLUMBUS—State Representative Keith Faber (R-Celina) applauded the Ohio Bureau of Workers’ Compensation (BWC) for proposing $1 billion in rebates to the 200,000 Ohio employers paying into their system.

The rebates are a result of a healthy stock market, compounded with prudent fiscal management and a focus on worker safety and wellness.

“This rebate is great for Ohio’s employers and for attracting businesses to come to Ohio,” said Rep. Faber. “Government needs more of the innovation and efficiency that the BWC demonstrated.”

School districts are anticipated to receive $41 million, local governments $91 million, and the remainder will go to private employers.

In order for the proposal to become a reality, it must be approved by the BWC Board of Directors. Approval is anticipated in late April with employers receiving rebate checks, that could reflect roughly two-thirds of the employers’ annual BWC premiums, in early July.

If approved, this would be the third rebate given by the BWC in the past four years, adding to a total of $6.3 billion in savings since the beginning of 2011.