WSIB Releases Average Premium Rate for 2009



    TORONTO, Aug. 14 /CNW/ - The Workplace Safety and Insurance Board (WSIB)
has announced the 2009 premium rates for Schedule 1 employers. The decision to
keep the 2009 average premium rate at $2.26 - unchanged from 2007 and 2008 -
is based on careful financial analysis, and an expectation that improvements
will occur in health and safety and return to work outcomes consistent with
the WSIB's Road to Zero and Prevention Strategies.
    The WSIB Board of Directors' final decision on the 2009 average rate
comes after the WSIB sought input from stakeholders on the WSIB Funding
Framework and provided information sessions on premium rates earlier this
year. A revised Funding Framework was approved by the WSIB Board of Directors
in April 2008.
    "The Funding Framework confirms the WSIB's commitment to ensuring the
long-term viability of the workplace safety and insurance system," said WSIB
Chair Steve Mahoney. "We are committed to ensuring the WSIB's financial
resources are dedicated to improving the well-being of workers and employers
throughout Ontario. Collaborative, aligned, and effective partnerships are
vital to promoting prevention and better health care and return to work
outcomes. Reaching and surpassing targets set out in the WSIB's Five Year
Strategic Plan 2008-2012, The Road to Zero, will ultimately result in the
reduction of the unfunded liability and more stable and predictable premium
rates for employers."
    Based on the average rate, the WSIB has calculated 2009 premium rates for
all employer rate groups. These have been posted on the WSIB website.
    The WSIB maximum insurable earnings ceiling for 2009 is $74,600. The
final maximum insurable earnings ceiling was set based on the April
preliminary average weekly earnings aggregate, which was published by
Statistics Canada.

    Ontario's Workplace Safety and Insurance Board (WSIB) plays a key role in
the province's workplace health and safety system. The WSIB administers
no-fault workplace insurance for employers and their workers and is committed
to the elimination of workplace injuries and illnesses. The WSIB provides
disability benefits, monitors the quality of healthcare, and assists in early
and safe return to work for workers who are injured on the job or contract an
occupational disease.





For further information:

For further information: Christine Arnott, WSIB Media Relations, (416)
344-4202, Christine_arnott@wsib.on.ca


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