Ohio Fund scandal halts rebates

[Robbien]

COLUMBUS | The investment scandal at the Ohio Bureau of Workers Compensation claimed a victim Thursday — approximately 275,000 private employers who won't get a proposed $70 million rebate on the premiums they pay into the insurance fund for injured workers.

The Ohio Workers' Compensation Oversight Commission voted 3-0 — with one member abstaining — to reject a staff recommendation for the rebate. Instead, the insurance rate for private employers will increase 4.4 percent overall on July 1.

Interim Administrator Tina Kielmeyer said it was the first time the commission had rejected such a staff recommendation.

"I know that 98 percent of the fund is secure," said Commissioner Thomas Bainbridge Jr., a Columbus attorney who represents employees. "I think it would be prudent to wait another six months. I think if we err, we should err on the side of caution."

http://www.daytondailynews.com/localnews/content/localnews/daily/0617bwc.html

[slay]

1. Ohio seems to be nothing but scandal these days

Reminds me of Florida. Wonder how much of the illegal money deals in those states went towards buying off officials and rigging the elections of 2000 - 2004?

[LightningFlash]

2. Now then....

Where is the answer for these people who lost their money....And to pay for the election fraud and gerrymandering....

:thumbsdown:

[cmd]

3. The state knew about this before the election

They certainly kept the information under wraps.

[PennyLane]

4. Krugman.......

......is covering this today in the NYTimes.

[deacon]

5. TV news sucks on this too--what a bunch of losers.... n/t

[tsuki]

6. The insurance rate for private employers will increase 4.4% overall-

I would be screaming blue-bloody murder. I wonder what the employers will be saying?

[UpInArms]

7. rather ironic, isn't it?

That these businesses have supported this mal-administration's policies to their own detriment?

[struggle4progress]

8. "Ohio Republicans: We don't only steal elections." eom