Post by Logan on Feb 25, 2016 22:44:58 GMT -6
The state fund for injured workers proposes another cut in workers'-compensation rates for private employers.
The Ohio Bureau of Workers' Compensation said Thursday that it wants to cut the average rate by 8.6 percent for the one-year period that begins July 1. The cut is projected to save private employers $113 million.
The cut would be the latest in a series of reductions in premiums for private employers that began in 2011.
If it is adopted by the bureau's board next month, private employers will pay $463 million less a year than they did in 2011, a 28.2 percent reduction. The average rate would fall to $1.07 per $100 in payroll, the lowest rate in at least 40 years, the bureau said.
Read more: www.dispatch.com/content/stories/business/2016/02/25/0225-bwc-rates.html
The Ohio Bureau of Workers' Compensation said Thursday that it wants to cut the average rate by 8.6 percent for the one-year period that begins July 1. The cut is projected to save private employers $113 million.
The cut would be the latest in a series of reductions in premiums for private employers that began in 2011.
If it is adopted by the bureau's board next month, private employers will pay $463 million less a year than they did in 2011, a 28.2 percent reduction. The average rate would fall to $1.07 per $100 in payroll, the lowest rate in at least 40 years, the bureau said.
Read more: www.dispatch.com/content/stories/business/2016/02/25/0225-bwc-rates.html