04
At a Glance Incidence Rate1,9 Soft-tissue Incidence Rate9 Short-term Disability Claims2,9 Health Care Only Claims2,3,9 Accepted Fatality Claims4,5 Accidents Occupational Disease Short-term Claims Duration6 Average Assessment Rate7 Registered Employer Accounts Employer Assessments ($ million) Claims Costs ($ million)8 Fund Balance ($ million) Funded Ratio (%)
2017
2016
2015
2014
2013
1.5 1.0 3,356 1,561 25 5 20 40 2.06 18,660 166.3 163.8 362.5 131.6
1.5 1.0 3,560 1,621 13 5 8 39 2.20 19,011 183.8 160.9 291.1 126.1
1.5 1.0 3,594 1,456 24 7 17 37 2.45 19,144 206.3 161.8 206.5 118.8
1.6 1.1 3,761 1,623 29 12 17 38 2.45 19,416 180.1 167.3 129.8 112.0
1.6 1.1 3,785 1,714 32 7 25 38 2.75 19,449 201.1 161.6 67.1 106.6
For further details on WorkplaceNL’s key financial and operational statistics, please refer to the Management Discussion & Analysis 2017 on page 35 and Financial Statements on page 57. 1. Number of lost-time claims per 100 workers employed. 2. The number of new claims reported, accepted and paid up to March 31 of the following calendar year. Health care only claims do not involve lost-time from work. 3. Correction of historical record. WorkplaceNL identified a system issue which resulted in an incorrect count of health care only claims for 2016. The count has been adjusted to 1,621 from 1,562 as previously reported. 4. Accepted fatality claims are the total number of fatalities that were accepted in that calendar year. 5. Correction of historical record. Through a review of workplace fatality statistics, WorkplaceNL identified three accepted fatality claims resulting from workplace accidents over the period 2013-2014 which were not correctly coded as workplace fatalities, although all benefit entitlements were delivered. As well, one fatality claim from occupational disease was accepted in 2014 but was later denied in 2015. The number of accepted fatality claims has been adjusted for 2013 and 2014, accordingly. 6. Short-term claims duration is defined as the number of days for which temporary earnings loss benefits are paid for injuries occurring in the same reference year. 7. Average assessment rate is the rate actually charged per $100 of payroll. 8. Claims costs includes current year payments plus expected future payments for all injuries occurring and accepted in the year, excluding actuarial adjustments. Claims costs were restated in 2016 for 2013 to 2014 due to changes in accounting for Future Administrative Expenses. 9. In 2016, WorkplaceNL reverted to reporting actuals, from projections, for the incidence rates, the number of short-term disability claims and the number of health care only claims. WorkplaceNL - Annual Performance Report - 2017
