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White Paper

6 Pages
  • 6 Pages

WSIB’s Rate Framework Reform

 

A third policy update and what can you do now.

The new policy confirmed that an employer’s business activity will be transferred to the RF and assigned the six-digit North American Industry Classification System code that best represents it. The employer will also be assigned an initial prior year risk band which will be the employer’s starting point in the RF. There are differences in the method that the WSIB uses to determine the net premium rate depending on whether or not the employer had an experience rating adjustment in any of the 2016-2018 (inclusive) calendar years. This white paper reviews updates and insights to assist Schedule 1 employers with the transition to the new WSIB Rate Framework.

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WSIB’s Rate Framework Reform

Agenda

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WSIB’s Rate Framework Reform

Faculty

Tracy Bergeron Lucha

Dickinson Wright

Tracy Bergeron Lucha represents employers in respect of workplace safety and insurance, human rights, and other employment and labour law matters including pay equity, health and safety, alleged employment standards breaches and labour disputes. Tracy’s combined educational and professional experience uniquely enable her to comprehensively advocate on behalf of employers in respect of employees with complex disability issues. Tracy has offices in both Windsor and Toronto.

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WSIB’s Rate Framework Reform

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