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introduction to the eeo strategic plan - Ohio Bureau of Workers ...

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Actuarial<br />

This division plays a key role in our initiatives <strong>to</strong> bring stability, predictability and transparency <strong>to</strong> <strong>Ohio</strong>’s<br />

premium rates, and <strong>to</strong> ensure <strong>the</strong> long-term financial health <strong>of</strong> <strong>Ohio</strong>’s workers’ compensation system. The<br />

division is responsible for developing and implementing a new, more accurate claims reserving system and for<br />

ensuring fair and equitable rates for all employers.<br />

The division also manages rate and financial reserve studies, recommends rates for employers and<br />

recommends <strong>the</strong> amount <strong>of</strong> claims reserves <strong>to</strong> include in BWC’s financial statement.<br />

ACTUARIAL 17<br />

99580 - Administrative Staff 4<br />

66795 - WC Underwriter Supervisor 3<br />

66791 - WC Underwriter 10<br />

Investments<br />

This division manages <strong>the</strong> invested assets <strong>of</strong> each <strong>of</strong> our separate trust funds <strong>to</strong> ensure we can pay all workers’<br />

compensation benefits and expense obligations when due. Using a prudent investment strategy, <strong>the</strong> division<br />

strives <strong>to</strong> earn sufficient returns <strong>to</strong> grow <strong>the</strong> surplus over time and keep premium payments reasonable and<br />

predictable.<br />

INVESTMENTS 9<br />

99580 - Administrative Staff 7<br />

63123 - Administrative Assistant 3 1<br />

16832 - Executive Secretary 1 1<br />

10 | Page

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