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Message from the Board Chair
, Message from the Board Chair . C . . , . . . , , , , . , . , C . . . C , , , . .
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2016 funded position Our Board of Directors is committed to is up from % five a disciplined, long-term approach to ensure years ago continued success and nancial sustainability of the provincial workers’ compensation system. : I am pleased to report that, by using this approach, the Injury Fund remains fully-funded • , at 131.6 per cent and the injury rate remains • , the lowest it has ever been at 1.5 lost-time • incidents per 100 workers. Workers and employers can be assured that our Injury • Fund is sustainable and managed in a scally • responsible manner. •
In November 2017, we announced that the average base assessment rate for employers , would be lowered from $2.06 to $1.90 per . $100 of assessable payroll in 2018. We also , con rmed that the maximum compensable and assessable earnings will increase to , , $64,375, continuing to be the highest in Atlantic Canada. These changes bene t both , C . employers and injured workers in the province. Helping workers go home safely at the end of the workday continues to be a focus for WorkplaceNL. We will continue to implement policies and programs that address ongoing and emerging challenges, including modernizing our policies on how we help prevent, and provide compensation for, work-related mental health issues. I would like to thank our partners in the workplace health, safety and compensation system including: safety sector councils, employer and labour organizations, and the board directors, management and sta of WorkplaceNL for their ongoing commitment to workers and employers in our province.
John Peddle, ICD.D
Chair, Board of Directors, WorkplaceNL
