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Ohio BWC Board Praised for Effort To Employers and Workers

03 Feb, 2011 WorkersCompensation.com

                               
Ohio Gov.Ted Strickland recently addressed the Ohio Bureau of Workers Compensation (BWC) Board of Directors, thanking them and BWC Administrator Marsha Ryan for their service to Ohio's employers and injured workers.

In the unscheduled visit, the Governor praised the Board for its role in bringing stability, fairness and better service to Ohio's workers comp system. (WCxKit)

 

“I'm so proud of what's been accomplished under the leadership of this board and Administrator Ryan,” said Gov. Strickland. “The people of Ohio should be very grateful to them for what they have accomplished. Everything they've been asked to do – to bring this organization to the very highest level – they have done. I just felt a need to come by this morning and acknowledge their service.”

The Governor  also spoke about  his intentions for BWC when he took office in January 2007.

“The thing I wanted to happen more than anything else is for injured workers to be treated fairly and with respect. And that can only occur when this organization is operated in a professional way,” Strickland said. “The Ohio BWC is a big deal. A lot of people don't understand how massive it is or how many lives it touches. Businesses, injured workers and Ohio families are all affected by it.” He added, “You have succeeded in doing what I intended. This organization is de-politicized and is running as a well-run business with two goals; making sure injured workers are taken care of, and the assets of Ohio businesses are protected.”   BWC handles claims for 1.2 million injured workers  each year and provides workers comp insurance protection for more than 260,000 employers.

 
In regular business, the Board of Directors was provided with details of how the agency plans to implement the nationally-recognized, split-experience rating plan in mid 2011. They were presented with details of the program during an education session by Chief Actuarial Officer John Pedrick.

The “split plan” rating method is seen as a national standard, and used in 38 states. The plan places more emphasis on claim frequency rather than claim severity when assessing an employer's risk – or experience – which plays a significant role in the employer's premium rates. The Board is considering a timeline that will put the split-plan in place beginning July 1, 2011, for a “beta year” trial to determine how rates will be impacted, with full implementation scheduled for July 1, 2012.

The Board also approved base rates and expected loss rates for Public Employer Taxing Districts (PEC) in support of its October 2010 vote to decrease overall premium for PECs by 5.5 percent. (WCxKit) These rates will take effect  for public employers on Jan. 1, 2011.


Author Robert Elliott, executive vice president, Amaxx Risks Solutions, Inc. has worked successfully for 20 years with many industries to reduce Workers Compensation costs, including airlines, healthcare, printing/publishing, pharmaceuticals, retail, hospitality and manufacturing. Contact:  Info@ReduceYourWorkersComp.com or 860-553-6604.

 
WORK COMP CALCULATOR:   http://www.LowerWC.com/calculator.php
 
WC GROUP:  http://www.linkedin.com/groups?homeNewMember=&gid=1922050/
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Do not use this information without independent verification. All state laws vary. You should consult with your insurance broker or agent about workers comp issues.

©2010 Amaxx Risk Solutions, Inc. All rights reserved under International Copyright Law. If you would like permission to reprint this material, contact Info@WorkersCompKit.com.

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