Strong operational results and fiscal performance keep WCB-Alberta on track



    2006 corporate results reveal another successful year

    EDMONTON, June 14 /CNW/ - WCB-Alberta made good progress in 2006, both
achieving and surpassing many of its corporate objectives. At today's annual
general meeting, the organization presented results from the 2006 annual
report, which highlighted a third straight premium rate decrease and a second
surplus dividend payment to Alberta employers.

    
    WCB-Alberta continued to strengthen its performance through the following
achievements:
    -   Impressive return-to-work results leading to the lowest average claim
        duration on record;
    -   Consistently high quality and timeliness of rehabilitation services
        and medical care;
    -   A very solid financial position, so worker benefits are protected
        into the future; and
    -   Premium rate stability, with the delivery of the lowest average
        premium rate in the country.
    

    Despite another prosperous year for WCB-Alberta, Chair of the Board of
Directors, David Carpenter acknowledged the system is being challenged in new
ways. "The growing presence of temporary foreign workers in the province is
raising new issues around how employers ensure their safety and how WCB
delivers post-injury care." In response to this new challenge, Carpenter
committed to stakeholders that the WCB would follow through on its
responsibility to provide all injured workers with effective and appropriate
service and urged employers to remain focused on keeping their employees safe.
    WCB-Alberta is carrying the positive momentum from the past year into
2007. "The key to sustainable financial results is to maintain a constant
focus on what WCB does best - reducing the impact of workplace illness and
injuries and helping injured workers return to work as quickly and as safely
as possible," said Guy Kerr, WCB president and CEO.

    The Workers' Compensation Board (WCB) - Alberta is a not-for-profit
organization legislated to administer the workers' compensation system for the
province. Through the payment of premiums, 127,000 employers fund this
no-fault system to provide compensation for workplace injuries and
occupational diseases to over 1.65 million workers.

    Note: The webcast of the Annual General Meeting is available for viewing
for thirty days following the event. For more information or to view the
webcast, go to www.wcb.ab.ca. The WCB 2006 Annual Report is posted on the WCB
website.




For further information:

For further information: Jacqueline Varga, Media Relations Specialist,
WCB-Alberta, Phone: (780) 498-8685, Fax: (780) 498-7875, E-mail:
jacqueline.varga@wcb.ab.ca, Website: www.wcb.ab.ca

Organization Profile

WORKERS' COMPENSATION BOARD - ALBERTA

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