The end of Ohio BWC's fiscal and policy year is upon us (both end June 30), and they've lost $975 million in investment income. While the Bureau's CFO notes that BWC net assets remain "at a healthy $8 billion," these losses aren't news to those who have been paying attention. The losses are actually over $1 billion if you track the funds over the course of the last twelve months. Just months into 2022, they were losing money at a clip of $500 million per month. These losses come after BWC distributed $9.2 billion amongst state-fund employers in 2020 and 2021, to mitigate the economic impact of COVID-19 on Ohio businesses. 

What this means for empoyers is that it's unlikely to see another "Billion Back" dividend rebate anytime in the near future. They've issued those dividends for the last several consecutive years, so we understand that employers have not only gotten used to them, but some may even started factoring it into budgets. This may not be the time to hold your breath.