Ohio employers could see $1 billion in cash rebates this summer - WOWK 13 Charleston, Huntington WV News, Weather, Sports

Ohio employers could see $1 billion in cash rebates this summer

Posted: Updated:

COLUMBUS, Ohio (AP) - Ohio employers could see $1 billion in cash rebates this summer from the state insurance fund for injured workers.

Gov. John Kasich said Thursday about 210,000 businesses and public employers could see a payout in June or July, should the Ohio Bureau of Workers' Compensation board approve the idea. Checks could range from $5 to more than $3 million.

Officials say money for the one-time rebate stems from solid investments by the agency, which provides workers' compensation insurance for Ohio employers and covers approximately two-thirds of the state's workforce.

The rebate is separate from a court dispute over employer payments.

The state is appealing a judge's March decision awarding $860 million in repayments from the fund to employers the judge says were charged excessive premiums for nearly a decade.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)