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The staff of the Ohio Bureau of Workers’ Compensation on Tuesday proposed a 6.3% reduction in the premium rates charged to private employers.

 

If approved by the bureau’s board of directors, the cut would represent the eighth straight year in which premiums have fallen or remained steady.

“BWC has challenged itself to be part of the solution to Ohio’s economic recovery by keeping employers’ workers’ compensation rates affordable so they can prosper,” BWC Administrator/CEO Steve Buehrer said in a statement. “While we’re pleased with this trend of lower and more stable rates for employers, we’re also tremendously pleased with our progress in fulfilling our mission to provide the highest quality care and return-to-work services to Ohioans who suffer workplace injuries."

The reduction is based largely on better-than-expected claim frequency and severity, according to BWC.

The agency said the proposed private sector rate cut would result in a reduction of $91 million in premium payments compared to the current rate.

Private sector rates fell by 2.1% in 2013, were steady in 2012 and dropped by 4% in 2011, BWC added.

“The most successful employers are those that understand safe and healthy employees are instrumental to a strong bottom line,” Mr. Buehrer said. “Going forward, BWC will be intensely focused on the issue of workplace safety and educating employers about the benefits of investing in injury and illness prevention.”

The proposal is expected to be considered at the bureau’s next board meeting on May 22.

U.S. propane stocks increased by 0.9 million barrels last week to 26.6 million barrels as of March 28, 2014, 13.2 million barrels (33.1%) lower than a year ago. Midwest inventories increased by 0.5 million barrels and Gulf Coast inventories increased by 0.4 million barrels. Rocky Mountain/West Coast inventories and East Coast inventories both remained unchanged. Propylene non-fuel-use inventories represented 12.5% of total propane inventories up.

Dear Industry Colleague: 

TELL YOUR SENATORS YOU SUPPORT A TWO-YEAR EXTENSION OF THE
50 CENT PER GALLON ALTERNATIVE FUEL TAX CREDIT (Section 6426(d))     AND
THE REFUELING INFRASTRUCTURE TAX CREDIT (Section 30c)

  

NPGA just has learned that the Senate Finance Committee will markup a tax extenders bill next Wednesday, April 2, 2014

 

It is imperative that you contact both your Senators as soon as possible.

  

Call the Capitol Switchboard at 202-224-3121 and ask for your Senator's office.  

 

Click here to find your U.S. Senators. 

 

Here are some talking points you can use when you get through to the office:

  

1.       Introduce yourself as a constituent from the state and ask for the          

          staffer handling tax issues.  If  unavailable, ask for the energy staffer.

 

2.       When you get through to the staffer:

 

a.    Introduce yourself and your company again and state your interest in the Senate Finance Committee's markup of the tax extenders bill.

 

b. State that you are calling specifically about the extension of alternative fuel tax credits that currently include propane (aka liquefied petroleum gas)

 

c.   Urge the Senator to support a two-year extension of:                                  

 

i. The 50 cent per gallon alternative fuel tax credit covered in tax code Section 6426(d)

 

ii.  The refueling infrastructure tax credit covered in tax code Section 30(c).

 

3.  These tax credits are very important for the alternative fuel vehicle sector. They will spur growth of clean alternatives to gasoline and diesel, and they will help reduce harmful emissions.

 

4.       If your Senator is a Democrat, it is very important that you urge him or her to express support directly to Senator Wyden's office.

 

5.       If your Senator is a Republican, have them contact Senator Hatch's office to express support for your requests.

 

 6.       It will be very helpful if you would let us know the reaction you receive to  your phone calls, so email us at This email address is being protected from spambots. You need JavaScript enabled to view it. .

 

Thank you for your help!  Every contact is critical! 

 

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