Effective date: May 1, 2010
Application: Long-term earnings replacement claims
Policy subject: Employer accounts – Claims costs adjustments and cost relief
To establish the guidelines to capitalize a claim receiving long-term earnings replacement.
Capitalization means funds calculated and set aside to pay future wage loss costs for a worker with permanent work restrictions who is eligible for long-term earnings replacement until the age of sixty-five. Medical or rehabilitation costs are not capitalized.
115, 116(1), 121(1), 134, 139, and 145
01 January 2014. References updated in accordance with The Workers’ Compensation Act, 2013
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