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.