Media Release: Workers' Safety and Compensation Commission Releases Assessment Rates for 2017

November 29 / 2016

Media Release: Workers' Safety and Compensation Commission Releases Assessment Rates for 2017

Yellowknife, NT (November 29, 2016) – Today, the Workers’ Safety and Compensation Commission (WSCC) of the Northwest Territories and Nunavut release the 2017 employer assessment rates.

For the third consecutive year, the average provisional assessment rate 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.

In 2017 the Year’s Maximum Insurable Remuneration (YMIR) will increase from $88,600 to $90,600. YMIR is the maximum earnings the WSCC uses to calculate compensation paid to an injured worker per year.

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.

Once again, employers can conveniently access the individual subclass rates for all industries for the upcoming year via WSCC Connect, the WSCC’s e-Business service. You can view the WSCC’s current and historical rates by Class & Subclass and by Specific Industry.

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 View 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

 
WSCC is an arm’s length government agency responsible for administering the Workers’ Compensation Acts, Safety Acts, Explosives Use Acts, the Mine Health and Safety Acts, and associated regulations.
 
Together with our partners, the WSCC provides services to almost 40,000 workers and 4,000 employers across the Northwest Territories and Nunavut. We process over 3,000 claims and conduct over 1,000 inspections annually to ensure the safety of Northern workplaces. The WSCC is unique in Canada as it is the only workers’ compensation organization in the country to insure workers across more than one province or territory. We proudly offer services in the official languages of both territories.