County could get workers comp rebates
IRONTON — Lawrence County could receive more than $2 million in total rebates in workers compensation funds, according to State Sen. Bob Peterson, R-Washington Courthouse.
The rebates are part of a statewide rebate of approximately $1.5 billion, the fourth such rebate in the last five years, according to a news release.
Lawrence County is set to receive $1,513,909.50 in total rebates to 455 private employers and $616,795.65 to 33 public employers, according to the release.
“We’ll get some of that,” Lawrence County Auditor Jason Stephens said Monday. “That’s great news.” The money doesn’t go to the general fund, he said.
“Several years ago, we changed the way we allocated premiums for workers compensation,” Stephens said. “We made every office responsible for workers compensation claims and costs. Our premiums went down significantly.”
Workers comp cost for the county is less than half what it was 10 years ago, Stephens said. “You can save money if you do it right.”
“The fact that the Bureau of Workers’ Compensation is able to improve conditions for workers and simultaneously maintain good financial management is a testament to their professionalism and good work,” Peterson said in a prepared release.
“I look forward to seeing the positive impact these dollars will have on our local businesses and community,” according to Peterson.
Ohio’s workers compensation rates have gone from the third highest in the nation to 11th lowest, according to the Oregon Study, a nationally recognized benchmark of rates.
Meanwhile, the Ohio Bureau of Workers Compensation is recommending a reduction in next year’s rates for Ohio school districts, cities and other local government employers, according to a state news release.
The bureau would collect $21 million less next year, a 12 percent reduction effective Jan. 1, 2019, according to the release.