Proposal Would Give Cash Rebates to Ohio Employers
Updated: Thursday, May 2 2013, 08:00 PM EDT
COLUMBUS, Ohio (AP) -- Ohio employers could see $1 billion in cash rebates this summer from the state insurance fund for injured workers.
Gov. John Kasich said Thursday about 210,000 businesses and public employers could see a payout in June or July, should the Ohio Bureau of Workers' Compensation board approve the idea. Checks could range from $5 to more than $3 million.
Officials say money for the one-time rebate stems from solid investments by the agency, which provides workers' compensation insurance for Ohio employers and covers approximately two-thirds of the state's workforce.
The rebate is separate from a court dispute over employer payments.
The state is appealing a judge's March decision awarding $860 million in repayments from the fund to employers the judge says were charged excessive premiums for nearly a decade.
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