WSIB ANNOUNCES 2016 PREMIUM RATES
On August 27th the WSIB announced that for the third consecutive year employer premium rates will remain unchanged for 2016.
In making the announcement WSIB Chair, Elizabeth Witmer noted that the WSIB's strong operating results along with improved return-to-work experience made this possible. The UFL stood at $8.9B and the sufficiency ratio was 70.9% at the end of 2014.
Further improvement is possible by the end of 2015 but the impact of the recent turmoil in the financial markets on the WSIB's investment account is not yet known.
For information, please visit the WSIB website