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What is Group Retrospective Rating?

April 26, 2017group rating retrospective

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What is Group Retrospective Rating?

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Posted

Group retrospective rating is an alternative rating program offered by the Ohio Bureau of Workers’ Compensation (BWC). Group retrospective rating allows employers of a similar industry to join together through a sponsoring association to earn refunds (or be charged assessments) based on the performance of the group. Employers in a group retrospective rating program pay their individually merit-rated premium to the Ohio BWC.