The Workplace Health, Safety and Compensation Commission (WHSCC) is maintaining the average base assessment rate of $2.75 for employers in 2010, and increasing the maximum compensable and assessable earnings limit from $50,379 to $51,235.
According to a news release, the assessment rate is the rate paid by employers to cover anticipated claims costs and the cost of administering the workers' compensation system. It is based on the industry group in which employers are classified and the cost experience of the group.
While the average assessment rate remains unchanged, an estimated 58 per cent of employers will experience a rate decrease, while 42 per cent will see an increase, based on industry group performance. For 2010, the maximum increase or decrease will not exceed 20 per cent.
The increase in maximum compensable and assessable earnings is based on the consumer price index (CPI) and represents a 1.7 per cent increase for 2010.
Any injured worker whose pre-injury earnings are at or above the new maximum compensable limit will be compensated based on the new limit effective Jan. 1, 2010.
WHSCC base assessment rate unchanged for 2010
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Published on
October 21, 2009
- Published on June 30, 2010
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Staff ~ The Telegram
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