Ohio BWC Sets Low, Stable Rates For Specialty Funds

                               

Columbus, OH (WorkersCompensation.com) - The Ohio Bureau of Workers' Compensation (BWC) today approved rates for several funds that support Ohioans whose workplace injuries caused permanent disability, and those working in the marine and coal industries. The BWC Board of Directors approved a 20 percent rate decrease for employers insured through the Marine Industry Fund and no change in rates for employers with coverage through the Coal Workers' Pneumoconiosis Fund. Employer's contributions rates to the Disabled Workers' Relief Funds will also remain unchanged.

"These specialty funds support workers in two significant Ohio industries, as well as those who have suffered some of the most debilitating injuries and are unable to return to their livelihoods," said BWC/CEO Administrator Steve Buehrer. "The setting of rates for these funds is consistent with BWC's charge to assess the lowest possible rates that support the recovery of injured workers while leaving employers with more resources to succeed."

The Marine Industry Fund provides coverage for injuries, disease and death resulting from longshore and harbor worker duties for Ohio employers with employees who work on or about navigable waters, as required by the Federal Longshoremen and Harbor Workers' Act. This act includes coverage for activities on pier, wharf, dry dock, terminal, building way, marine railway and other adjoining areas customarily used by an employer in loading, unloading, repairing, or building a vessel.

The Coal Workers' Pneumoconiosis Fund provides permanent and total disability benefits and medical payments to employees who have contracted pneumoconiosis (Black Lung disease) in the course of their employment. It also provides death benefits for surviving spouses of workers whose death resulted from their contraction of pneumoconiosis.

The Disabled Workers' Relief Funds are supplemental funds established to provide cost of living adjustments to an injured worker who is receiving permanent and total disability compensation benefits.

The rates will be effective July 1.

The next meeting of the BWC Board of Directors is scheduled for Friday, July 27, 2012.

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