4th Annual PHCC/ACCA Legislation Day was May 24, 2011 in Columbus, Ohio.

4th Annual PHCC/ACCA Legislative Day was May 24, 2011 in Columbus, Ohio.  Click here to view Position Papers and Photos from Legislative Day.

Special thanks to Frank Alexander, Bruce Beckwith, Herman Bohinc, Greg Eisenhart, Jim Ellia, Paul Episcopo,Jim Haberek, Ray Harner, Gary Jacob, Mike Kiminas, Will Mullins, Jeff Reed, Ed Reid, Dennis Schlekie, Ron Schmitt, Joe Schmitt, David Specht, Bruce Stebbins, Tom Tanner, John Walter, Debbie Tittl, Mary Williams, Palmer McNeal and Kitty Zwissler.

65 Million Rate Reduction for Private Employers

Governor Kasich joined BWC Administrator/CEO Stephen Buehrer to announce a proposal to reduce overall workers’ compensation base rates by 4 percent, for a total cut in premiums of approximately $65 million annually. Unlike prior years, the average rate reduction would apply to employers regardless of whether they participated in incentive programs such as group rating.

In addition to the overall drop in base rates, the average rate for some key industries would fall even more. For example, the average rate for the Manufacturing Industry Group would fall 7 percent and the average rate for the Commercial Industry Group, which includes various retail and wholesale establishments, would fall 5 percent.

If approved later this month by the BWC Board of Directors, the new rates would become effective July 1.