Public employers in the Dayton-metro region will receive an estimated $8.8 million in rebates from the Ohio Bureau of Workers’ Compensation.
The money is part of proposal approved by the compensation bureau board on Thursday that gives $1 billion dollars in rebates to employers across the state.
“This rebate is possible largely because of the excellent results we’ve gotten on our investments,” said Nicholas Zuk, the BWC Board of Directors chairman.
BWC developed a proposal to return $1 billion to employers after experiencing gains in the stock and bond markets. The bureau recently reported $8.3 billion in net assets.
“It’s a great way for the state to give back to the municipalities,” said Deborah McDonnell, the Fairborn city manager.
The payouts will be distributed to more than 210,000 private and public employers across the state in a lump sum payment, minus any previous premium payments owed, possibly starting in late June, said Bill Teets, the workers’ compensation board spokesman. The rebate equals 56 percent of each employer’s annual premium.
Board members said the rebate would inject $1 billion directly into Ohio’s economy, and would be used to increase employee safety programs.
Statewide, the lion’s share of the payouts, $42.5 million, will go to schools. Estimates for cities total $37.1 million and counties are expected to receive about $16.5 million.
In the Dayton region, public employers in Montgomery County are expected to receive the largest rebate — an estimated $5.2 million. The largest public rebate in the county, $848,060, will go to Dayton. County government agencies will receive approximately $2,480.
School districts in Montgomery County are expected to receive $2.2 million.
“I don’t have all the details yet on the rebate at this time, but any amount that is returned to us is good news,” said Ann Bernardo, the district treasurer for Huber Heights City Schools, which stands to receive $187,750.
Kettering will receive an estimated $173,710. The city has no specific plans for the money at this time, said Mark Schwieterman, the Kettering city manager.
“At this point it’s coming in mid-budget year,” Schwieterman said. “It will go back into the fund it came from.”
Public employers in Greene County will receive $1.4 million.
Greene County government agencies will receive almost $500,000.
“It will not be earmarked for anything,” said Howard Poston, the Greene County administrator. “It will go back into the general fund.”
The total rebate for the county will be divided among all agencies who paid insurance premiums, Poston said. The county auditor will determine which agencies are eligible to receive part of the rebate and the amount they will receive.
In Greene County, the largest rebate, will go to county government. The second largest, $178,130, will go to Xenia city government.
Xenia City Manager, Jim Percival, said the city will add the payout to the general fund. There are no specific plans for how to use the money at this time.
“At this point, we would have to look at different priorities and things we need to accomplish,” he said. “We’re very pleased and we’ll see how we can prioritize so that it benefits the community.”
Fairborn will receive about $170,220, according to BWC estimates. The city plans to use the money to reduce future expenses, McDonnell said.
“We’ll use that to pay our (insurance) premiums,” she said. “It will be less of a burden on our taxpayers.”
Warren County public employers are expected to receive $1.3 million and Miami County public employers will receive $815,900. Miami and Warren county governments will not receive rebates.
The refund is unrelated to a court dispute about employer BWC payments. The state is appealing a judge’s March decision that ordered the BWC to pay back $860 million to employers the judge said were charged excessive premiums for nearly a decade.
“We welcome the administration’s program to refund a billion of Ohio employer’s dollars from the Bureau’s nearly $9 billion surplus,” Earl Stein, president of Pay Us Back Ohio BWC, Inc., the coalition suing the bureau, said in a written statement Thursday.
Rebates in the region
|Local governments||Rebate estimate|
|Greene County Government||$499,960|
|Montgomery County Government||$2,480|
|Greene County Schools||$378,750|
|Miami County Schools||$2,283,290|
|Montgomery County Schools||$576,760|
|Miami and Warren county governments will not receive rebates.|