COLUMBUS, Ohio (AVC News) — Ohio Governor Mike DeWine is asking the Ohio Bureau of Workers’ Compensation Board of Directors to approve a projected $1 billion dividend for public and private employers across the state.
If approved, the payment would bring the total amount returned to Ohio employers during DeWine’s administration to $10.2 billion.
“Ohio employers have a bright future ahead,” DeWine said. “Our state continues to grow and be one of the best places to live, own a business, and have a family.”
According to the Bureau of Workers’ Compensation, the proposed dividend would equal about 90% of premiums employers paid during the 2022 policy year. Officials said strong financial management and investment returns have made the dividend possible.
BWC Administrator Stephanie McCloud said that if the board approves the proposal, employers will have received more in dividends than they have paid in workers’ compensation premiums since 2019.
The proposal will be considered during the BWC Board of Directors meeting in August. If approved, it would be the fifth major dividend issued under DeWine’s administration.
In addition to the proposed dividend, Ohio private employers recently received a 1% workers’ compensation rate reduction that took effect July 1, saving businesses an estimated $10 million in premiums.
Employers that have not completed their 2022 policy year true-up or whose policies are in lapsed status may not qualify for the dividend. Businesses have until Aug. 28 to complete the true-up process and resolve any lapsed status to remain eligible.
Last Updated on July 30, 2026 by AVC News
