Sept. 26, 2018
COLUMBUS – More than 5,500 Ohio employers are sitting on $10.8 million in uncashed checks from the Ohio Bureau of Workers’ Compensation (BWC).
The checks, distributed by BWC this summer as part of a $1.5 billion rebate, have a 90-day life and will begin expiring on Oct. 3.
“BWC will reissue checks but that will further delay employers’ access to their rebates,” said BWC Chief of Fiscal and Planning Barbara Ingram. “Employers can spend their rebates as they choose, whether that means hiring new employees, growing their business or investing in safety. They just need to get those checks to the bank quickly so they can begin putting their rebates to good use.”
BWC began sending the checks in batches on June 28. The first of the six batches will expire Oct. 3 and all outstanding checks will expire by the end of October.
Following is a list of remaining uncashed checks by issue date:
Issue Date Expiration Date Outstanding Number Outstanding Amount
6/28/18 10/3/18 44 $143,241.38
7/9/18 10/12/18 665 $2,246,544.71
7/11/18 10/16/18 782 $1,539,251.04
7/13/18 10/18/18 1,291 $2,421,536.18
7/17/18 10/22/18 1,611 $3,016,371.74
7/19/18 10/24/18 1,154 $1,513,171.55
Total 5,547 $10,880,116.60
BWC will credit an employer’s account the amount of their rebate if they do not cash their check. Credits will apply to any outstanding balances owed by the employer and a new check will be issued for any remaining credit on the account.
This year’s rebate followed $1 billion rebates issued in 2013, 2014 and 2017 and brings workers’ comp savings for all Ohio employers to $8 billion since 2011.
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Melissa Vince, 614-466-2956 or 614-202-2329, firstname.lastname@example.org
Tony Gottschlich, 614-644-4940 or 614-296-1734, email@example.com
Established in 1912, the Ohio Bureau of Workers’ Compensation is the exclusive provider of workers’ compensation insurance in Ohio and serves 242,000 public and private employers. With 1,800 employees and assets of approximately $29 billion, BWC is the largest state-run insurance system in the United States. Our mission is to protect Ohio's workers and employers through the prevention, care and management of workplace injuries and illnesses at fair rates. For more, visit www.bwc.ohio.gov.