Effective date: December 31, 2023
Application: Applies to the WCB’s Injury Fund and reserve levels
Policy subject: General
Purpose:
To establish a framework of guidelines, measurements and targets to achieve a fully funded status.
Principles
Measurement
Sufficiency Ratio – Target Range
Surplus Distribution and Deficit Recovery
Reserves
The Workers’ Compensation Act, 2013
Sections 2(1)(o), 114, 115, 116, 117, 118, 121, 134, 144, 145, 149, 150, 151
(1) POL 14/2017 Funding (effective April 19, 2017 to December 30, 2023).
(2) POL 01/2014 Funding (effective December 31, 2013 to April 18, 2017).
(3) POL and PRO 02/2013 Funding (effective December 31, 2012 to December 30, 2013).
(4) POL and PRO 08/2012 Funding (effective September 1, 2012 to December 30, 2012).
(5) POL and PRO 16/2007 Funding (effective December 31, 2007 to August 31, 2012).
(6) POL and PRO 01/2005 Funding (effective December 31, 2004 to December 30, 2007).
POL 01/2021 Governance Policy
ADM POL 02/2017 Statement of Investment Policies and Goals (SIP&G)
POL 03/2021 Second Injury and Re-Employment Reserve
POL 17/2023 Occupational Disease - Cost Relief
POL 12/2014 Disaster Reserve
POL 13/2017 Rate Setting Model
POL 05/2020 Annuities