Ohio BWC Announces Discount Rate for
Columbus, OH (CompNewsNetwork) - The Ohio
Bureau of Workers' Compensation (BWC) announced that the discount rate for public employer
taxing districts is 3.03 percent APR (0.0083 percent daily rate) of total premium for the
2007 policy year.
BWC individually applies the discount rate to public employers who pay their entire
premium on or before May 15. It automatically refunds the savings after payroll is
BWC calculates the amount of the discount on total premium and the date the public
employer chooses to pay premiums. The earlier a public employer pays its premiums, the
larger the discount it receives.
Public employers must pay a minimum of 45 percent of their total premium costs by May
15. The remaining 55 percent is due by Sept. 1.
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