Human Resources Legislative Update
WSIB Rate Framework Approved
Date: November 22, 2016
On November 14, 2016, the Board of Directors of the Workplace Safety and Insurance Board (WSIB) approved its new Rate Framework which fundamentally changes the way the WSIB classifies Schedule 1 employers and sets their premium rates.
The Rate Framework has a targeted implementation date of January 2019.
On the same date, the Board of Directors approved in principle (subject to further research) maintaining a separate premium rate for non-exempt executive officers and partners in construction.
See our FTR Now of August 10, 2016 The Latest Update on WSIB Rate Framework Modernization for more information on the new Rate Framework.