WSIB – Benefits Canada.com

WISE Trust returns 7.9% in 2023, net assets increase to $4 billion

bmcgovern — Tue, 23 Apr 2024 19:00:50 +0000

The Workplace Insurance and Safety Employees Trust generated a net return of 7.9 per cent in 2023, with net assets reaching $4 billion, up from $3.8 billion in 2022, according to its latest report. In a press release, Christopher Brown, WISE Trust’s chief executive officer, said the results are a testament to its partnership with […]

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Employers can expect surge of claims linked to long-haul coronavirus, remote work injuries: lawyers

bwolfe — Wed, 15 Jun 2022 13:00:06 +0000

As the pandemic winds down, employers can expect to see an increase in disability claims related to long-haul coronavirus infections and compensation claims resulting from injuries incurred while working remotely, says Joshua Goldberg, a Toronto-based personal injury lawyer. The most common long-haul coronavirus symptoms are fatigue, shortness of breath, brain fog and muscle and joint […]

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B.C. giving workers five paid sick days starting in 2022

lbailey — Fri, 26 Nov 2021 14:00:52 +0000

Workers in B.C. will be eligible for “fair and balanced” sick leave pay that provides a minimum of five days a year starting Jan. 1, 2022, according to Labour Minister Harry Bains. The new sick leave policy affects all workers covered by the province’s Employment Standards Act, including part-time workers, he added. “I firmly believe that […]

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WSIB appoints special advisors to review operations, best practices

mschmit — Thu, 23 May 2019 11:00:08 +0000

The Ontario government is launching a review of the Workplace Safety and Insurance Board to ensure the province’s employees and their families remain supported and protected in the workplace. The review will be conducted by Linda Regner Dykeman and Sean Speer, special advisors who’ve been appointed based on their respective areas of expertise in insurance and […]

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WSIB changing how employer premium rates are calculated

mschmit — Mon, 29 Apr 2019 05:00:44 +0000

Ontario’s Workplace Safety and Insurance Board is changing how premium rates are calculated for almost 300,000 registered businesses across the province. The WSIB hasn’t changed its rate setting scheme for more than 20 years, says Pamela Steer, the board’s chief financial officer. “We really looked at how we could change the offering to our customers, such that […]

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Ontario to reduce WSIB premium rate for employers

mschmit — Wed, 26 Sep 2018 11:30:07 +0000

Due to the elimination of the unfunded liability of Ontario’s Workplace Safety and Insurance Board’s insurance fund, premium rates for employers will be reduced by almost 30 per cent. Beginning Jan. 1, 2019, the reduction will help employers save money, increase investment and create more jobs, resulting in a $1.45 billion injection into the Ontario economy, according […]

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Sounding Board: How will the WSIB’s mental-stress changes affect employers?

mschmit — Tue, 12 Dec 2017 05:00:46 +0000

The Workplace Safety and Insurance Board is expanding its work-related mental-stress policy following decisions at the appeals tribunal that found the limits currently placed on entitlement criteria are unconstitutional. Over the last few years, the Workplace Safety and Insurance Appeals Tribunal has issued several decisions that determined the provisions in the Workplace Safety and Insurance Act limiting entitlement only […]

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