Ohio governor seeks approval for $1B workers comp dividendOhio Gov. Mike DeWine has asked the Ohio Bureau of Workers’ Compensation’s board to approve a $1 billion dividend for employers, marking the state’s first workers compensation dividend since a $5 billion refund issued in 2020 at the height of the COVID-19 pandemic. Ohio is one of four states that operate monopolistic workers compensation insurance funds, requiring most employers to obtain coverage through the state system rather than private insurers. Eligible employers would receive the dividend if they completed their 2022 policy year true-up — the annual reconciliation of estimated and actual payroll used to determine final workers compensation premiums — and are not in lapsed status. The proposal follows a 1% rate reduction for private employers that took effect July 1.