Be Prepared For BWC Changes

OLBA Report-A +A
PHIL CRAIG | Ohio Licensed Beverage Association
Published: 05/06/2014

In continuation of the “Billion Back” campaign from the summer of 2013, the Ohio Bureau of Workers’ Compensation has announced additional changes to come this year and in 2015.

A “Billion Back” was a one-time dividend released to eligible private and public taxing districts equating to $1 billion in June 2013 and completed in October 2013. It was made possible because the financially strong Ohio State Insurance Fund exceeded the target funding ratio of assets to liabilities established by the BWC Board in 2008.