This round of payments came after Gov. Mike DeWine’s administration asked the BWC to approve a $5 billion dividend as a way to help businesses struggling during the coronavirus pandemic.
It will be the third round of dividends sent out this year.
➡ @OhioBWC will begin issuing December's round of dividends to Ohio employers today. This $5 billion dividend will help ease #COVID19's impact on Ohio’s business community & economy, bringing total dividends this year to nearly $8 billion. More info ➡ https://t.co/QsRh5opnnK pic.twitter.com/8wr706nbLf
— Governor Mike DeWine (@GovMikeDeWine) December 10, 2020
The checks will range from hundreds to millions of dollars, which the governor said was made possible due to a decline in claims, careful fiscal management and strong portfolio returns.
On Thursday DeWine released a set of frequently asked questions about the dividend.
In the FAQ, the BWC said that for private employers, dividends will be “372% of billed premium for eligible employers for the policy period of July 1, 2019 through June 30, 2020.” Public employers will receive the same percentage, applied to the policy period of Jan. 1, 2018 through Dec. 31, 2019, the document said.
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