On Thursday, January 22, Bureau of Workers' Compensation (BWC) Administrator/CEO Steve Buehrer proposed to reduce overall rate levels for private employers by 10.8 percent – roughly $153 million annual savings beginning in fiscal year 2016. This proposed reduction is attributable to a number of factors, notably the upcoming adoption of a new billing system. Under this new prospective system, the BWC will collect premiums before extending coverage to private employers. The BWC Board of Directors will vote on this proposal during its next meeting on February 27.