Created on Monday, 13 May 2013 Written by THE BELLEFONTAINE EXAMINER STAFF
The Ohio Bureau of Workers’ Compensation would return $112.8 million to nearly 3,800 local governments and schools under the $1 billion rebate proposed by Governor John Kasich and BWC Administrator/CEO Steve Buehrer last week, according to a release.
For Logan County, the proposal includes about $502,510 in estimated rebates, which includes $210,570 to schools, $17,190 to townships and $40,620 to villages.
Around the state, the proposal also includes a tripling of safety grants and a 4 percent rate reduction for public employers. The rebates and reforms are made possible by larger-than-expected fund balances at BWC generated by strong investment management.
“Our goal is to support the health and safety of Ohio workers while maintaining stable workers’ compensation rates for employers, including local governments,” Mr. Buehrer said. “This rebate will return nearly $113 million to local governments and schools who are already seeing the lowest rates in 30 years thanks to recent annual rate reductions.”
Out of the funds being returned, schools will receive the largest portion of the rebate, approximately $42.5 million, followed by cities receiving $37 million, counties receiving $16.5 million and townships receiving $7.6 million.
Some of Ohio’s local governments and schools are self-insured and do not pay into the BWC system and are, therefore, not impacted by the rebate plan.
The amount each public employer will receive equals approximately 56 percent of their annual workers’ compensation insurance premium. That premium is based on the size of their payroll and is modified by factors such as the type of work their employees do and claims experience.
If approved by the BWC Board of Directors May 30, checks could be mailed as early as June or July.
The proposal will be funded from BWC’s net assets, which have grown to $8.3 billion and are far in excess of the target funding ratio of assets to liabilities established by the BWC board in 2008.
The proposed Logan County rebates are as follows:
Belle Center Free Public Library, $70; Village of Belle Center, $4,840; Bellefontaine City Schools, $60,320; Benjamin Logan Local School District, $35,410; Bloomfield Township, $450; City of Bellefontaine, $60,950; Village of DeGraff, $2,990; Greenwood Union Cemetery Association, $300; Harrison Township, $910; Village of Huntsville, $2,360; Indian Joint Fire District, $830; Indian Lake EMS Joint Ambulance District, $2,890; Indian Lake Local School District, $37,800; Jefferson Township, $980; Lake Township, $580; Village of Lakeview, $3,690; Liberty Township, $70; Logan County, $151,580; Logan County Educational Service Center, $15,370; Logan County District Libraries, $1,930; McArthur Township, $960; Miami Township, $1,200; Monroe Township, $620; Ohio Hi-Point Career Center, $24,280; Perry Township, $15,910; Pleasant Township, $480; Village of Quincy, $660; Richland Township, $1,500; Riverside Local School District, $9,390; Rushcreek Township, $1,590; Village of Russells Point, $4,670; Sloan Library, $150; Stokes Township, $1,130; Tri-Valley Fire District, $1,670; Union Township, $430; Village of Valley Hi, $160; Village of Rushsylvania, $1,920; Washington Township, $2,860; Village of West Liberty, $16,330; West Liberty-Salem Local School District, $25,850; Village of West Mansfield, $2,930; Zane Township, $910; Village of Zanesfield, $70.