Failure to do so jeopardizes your group rating eligibility.
All policyholders with the Ohio Bureau of Workers’ Compensation (BWC) must file a True-up (payroll report) regardless of whether they have employees or not. Private employers must True-up and pay by August 15, 2018.
BWC determines employer premiums based on the amount of payroll (exposure) reported multiplied by a specific rate. At the beginning of each policy period, we’ll set an estimated annual premium (EAP) as follows:
- For new employers BWC uses the 12-month payroll estimate submitted on the application to establish the estimated annual premium;
- For an existing employer that had coverage before this policy period, BWC uses the most recently reported payroll to establish the estimated annual premium.
At the end of the policy year, BWC must ensure the estimated premium we set for employers was correct. To do this, an employer must file a true-up report that report the actual payroll for that policy year. This report must be completed online by accessing the Payroll true-up report.
If the true-up payroll exceeded the estimated payroll, employers owe additional premium. If the true-up payroll is less than the estimated payroll, employers will receive a credit of premium dollars.
Failing to true-up by the August 15th deadline could result in employers being removed from current rating and discount programs.
View the payroll true-up reports page for additional information.
BWC’s YouTube channel features videos to walk employers through creating an e-account and completing payroll true-up.