WCB rate setting information sessions
Every fall, the Saskatchewan Workers’ Compensation Board (WCB) holds two public rate setting information sessions for the coming year.
WCB news
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Facts about the WCB’s Funded Position
Recently, the Canadian Federation of Independent Business (CFIB) issued a press release referencing their own research document where they suggest that WCB’s across the country “are holding onto $6.8 billion in extra money.”
Average preliminary rate suggests a 4% decrease from 2017
Average preliminary rate suggests a 4% decrease from 2017, making it the lowest rate in over 30 years
- WCB expects the 2018 proposed average premium rate to be the 3rd lowest in Canada.
- The 2018 proposed average premium rate is expected to decrease to $1.19 from $1.24 in 2017.
- 94% of Saskatchewan employers will see a decrease or no change to their 2018 premium rate.
- In 2017, the Board approved the transition to the WCB’s enhanced rate model. The 2018 premium rates reflect the rate model transition.WCB approves 2017 employer premium rates
The Saskatchewan Workers’ Compensation Board (WCB) approved the 2017 average employer premium rate for 48,357 employers covered by workers’ compensation. Employer premium rates have dropped from the 2016 average rate of $1.34 to $1.24, which is a 7.5 per cent decrease.
WCB proposes drop in 2017 premium rates
7.5 per cent decrease from last year makes it lowest rate in over thirty years (since 1986)
WCB to distribute excess surplus to employers
Eligible employers to receive 100% of excess surplus in 2016