EMPLOYERS WILL RECEIVE A 20 PERCENT DISCOUNT

OABA Workers' Comp Group Rating Plan Still Saves Dollars

The Ohio Bureau of Workers' Compensation (BWC) has announced employers will receive a 20 percent discount on their premium bill in January/February 2004. The discount is a result of a surplus from the BWC's investments. This credit is expected to save employers more than $180 million.

Even with the 20 percent discount, you should still enroll in the OABA Workers' Comp Group Rating Plan. The group rating discount reduces your premium before the 20 percent dividend credit is applied, creating additional savings. Moreover, there is no guarantee that the BWC will offer another dividend after January/February 2004 premiums. The BWC will determine in June 2004 if another premium discount will be offered for July/August 2004.