Panel Approves $1 Billion Rebate to Ohio Employers

COLUMBUS, Ohio (AP) – Directors of Ohio’s insurance fund for injured workers have unanimously approved Gov. John Kasich’s proposal to send $1 billion in cash rebates to businesses, local governments and schools.

About 210,000 businesses and public employers would see one-time rebates in June or July under the plan out of the $8.3 billion asset pool of the Ohio Bureau of Workers’ Compensation. Checks would range from $5 to more than $3 million.

The bureau’s board signed off on the idea on Thursday. Kasich says solid investments made the rebates possible.

The coalition Pay Us Back Ohio BWC represents about 270,000 mostly small-business owners who won an $860 million decision against the bureau in March for repayment of overcharges.

The group says it favors the rebates, and its members will benefit.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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