The Third Billion Back Crediting an improving safety climate, good fiscal management and better than expected investment returns, the State Insurance Fund has a net position of more than $9 billion. As a result, BWC is again proposing a one-time rebate of approximately $1 billion for private employers and public-taxing districts. BWC is also considering an additional, significant investment in workplace wellness and safety to further reduce workplace injuries.

If approved, most rebates would equal 66% of the employer’s premium for Policy Year 2015 (private employers: 7/1/15 – 6/30/16; public employers: calendar year 2015). Checks could be issued as early as July if the board approves the proposal on April 28th.

Click here to view the Third Billion Back fact sheet for more details!