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Bureau Of Workers Comp Considers $5 Billion Dividend To Help Struggling Businesses

Ohio Bureau of Workers' Compensation headquarters in Columbus.
Dan Konik
Ohio Public Radio
Ohio Bureau of Workers' Compensation headquarters in downtown Columbus.

Ohio's Bureau of Workers' Compensation will consider a request Monday morning to release the largest rebate in state history. Gov. Mike DeWine is asking the BWC board of directors to approve a $5 billion dividend.

The dividend would come in the form of checks released back to employers who pay into the workers' compensation system. Checks can range from hundreds to millions of dollars.

Lt. Gov. Jon Husted says the state is trying to find various ways to help businesses struggling through the pandemic.

"We just don't want those businesses and we don't want those jobs to also be a casualty of COVID. And this is going to make a difference for people," Husted says.

If approved, this would be the third dividend from the BWC this year, totaling nearly $8 billion.

State leaders say the BWC has been able to do this through successful investment returns on employer premiums and through programs that help claims.

Andy Chow is a general assignment state government reporter who focuses on environmental, energy, agriculture, and education-related issues. He started his journalism career as an associate producer with ABC 6/FOX 28 in Columbus before becoming a producer with WBNS 10TV.