On January 28, the CEO and administrator of the Ohio Workers Compensation Commission, Stephanie McCloud, submitted a proposal reducing employer premiums for Workers Compensation insurance by an aggregate $132 million for Fiscal Year 2021. The Commission Board of Directors will decide upon the rate reduction proposal at its February 28 meeting. The 13% rate reduction stems from the agency’s experience over the past twelve months and, if approved, would be the third consecutive rate cut for private Ohio employers and the 11th in the last 13 years! In addition to wage and health care claims, premiums also support the Safety & Hygiene Division which through its training and consultation services has helped improve workplace safety. Employer participation in the division has increased 70% over the past decade while annual claims have fallen 19% during the same timeframe.