Media Release: Workers’ Safety and Compensation Commission Releases Assessment Rates for 2016

Yellowknife, NT (November 5, 2015) – Today, the Workers’ Safety and Compensation Commission (WSCC) of the Northwest Territories and Nunavut released its 2016 employer assessment rates.

New this year, employers can conveniently access the individual subclass rates for all industries for the upcoming year via WSCC Connect, the WSCC’s new e-Business service.

The average provisional assessment rate for 2016 will remain at $2.00 per $100 assessable payroll.  This provisional target rate is the rate employers would pay if there was only one rate for all employers, and is the rate the WSCC uses as a starting point when setting individual subclass rates.

To determine employer assessment rates, the Governance Council consults with independent actuaries on an annual basis.  Assessment rates are calculated based on the expected current year claims costs and future claims liability.  The rates are calculated as a whole, and broken down by industry subclass.  Assessment rates reflect each industry’s actual claims cost experience.

The Year’s Maximum Insurable Remuneration is the maximum earnings the WSCC uses to calculate compensation paid to an injured worker per year.  In 2016, the YMIR will increase to $88,600 from $86,000.

WSCC Connect is accessible through wscc.nt.ca or wscc.nu.ca.  Click on the WSCC Connect logo located at the top of the page and follow the button to Assessment Rates.

The WSCC strives to sustain a fund that protects employers and injured workers over the long term, and continues its commitment to working in partnership with our stakeholders to ensure workplace safety, and care for workers.

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Contact:

Kim Walker

Manager, Communications

Workers’ Safety and Compensation Commission

T : (867) 920-3846

TF : 1-800-661-0792 ext. 3846