Maximum Assessable Wage Rate
POL 08/2020

Effective date: January 1, 2020

Application: Applies to all employers.

Policy subject: Employer payroll and premiums

Purpose:

To establish the maximum assessable wage rate for 2020.

BACKGROUND

  1. Section 137(2) of The Workers’ Compensation Act, 2013 directs the Workers’ Compensation Board to set a maximum assessable wage rate for each year.
  2. On March 18, 2020, the Government of Saskatchewan declared a provincial State of Emergency to address the coronavirus pandemic (i.e., COVID-19). Public health orders were implemented to protect Saskatchewan residents and reduce the risk of potential transmission in the province. The closure of non-essential businesses impacted industry sectors with relatively lower average weekly earnings. Therefore, for the calculation of the maximum assessable wage rate, it is the Board Members’ view that it would be fair and equitable for Saskatchewan workers and employers to use the March average weekly wage prior to the economic shutdown.

POLICY

  1. Effective January 1, 2021, the Board Members have determined that the maximum assessable wage rate will be $91,100.
  2. In subsequent years, the maximum assessable wage rate will be adjusted in accordance with the maximum wage rate.

Policy references

Legislative Authority

The Workers’ Compensation Act, 2013
Sections 37, 137(2), 182

Document History

(1)    POL 10/2019, Maximum Assessable Wage Rate – 2020 (effective January 1, 2020 to December 31, 2020).
(2)    POL 05/2018, Maximum Assessable Wage Rate – 2019 (effective January 1, 2019 to December 31, 2019).
(3)    POL 16/2017, Maximum Assessable Wage Rate – 2018 (effective January 1, 2018 to December 31, 2018).
(4)    POL 25/2016, Maximum Assessable Wage Rate – 2017 (effective January 1, 2017 to December 31, 2018).
(5)    POL 05/2015, Maximum Assessable Wage Rate – 2016 (effective January 1, 2016 to December 31, 2016).
(6)    POL 18/2014, Maximum Assessable Wage Rate – 2015 (effective January 1, 2015 to December 31, 2015).
 

Complements

POL 24/2010    Assessable Earnings
POL 12/2020    Employer Coverage and Registration
POL 03/2014   Coverage – Personal
POL 14/2014   Coverage – Directors
POL 27/2016   Experience Rating Program – Discounts or Surcharges
POL 07/2020    Maximum Wage Rates – 2021
 

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