Insights

WCB Accident Fund Surplus: Have Your Say

Posted in: Claims Costs,WCB Law,WCB Premium Reduction,Worker's Compensation Board | Posted by Rebecca Ingram on December 20, 2016

As part of the government directed WCB Review currently underway in Alberta, the Review Panel is taking a closer look at WCB-Alberta’s Accident Fund and how it is managed. This has been a topic of discussion in recent workshops and the Panel is very keen on getting as much input as possible from stakeholders. WCB Accident Fund The Accident Fund is established from Employer Premiums. The WCB is funded through premiums assessed to employers. There are no tax dollars or employee payroll deductions involved in the workers’ compensation system. Each year the WCB establishes the premiums that employers will pay. These rates are set so that the total premiums collected in the current year will pay for all estimated present and future costs of claims that are made during that year. Based on the overall amount of premiums that need to be collected, the WCB determines premium rates for each […]

Worker’s Compensation Board Under Review

Posted in: Claims Costs,WCB Law,WCB Premium Reduction,Worker's Compensation Board | Posted by Rebecca Ingram on December 5, 2016

In March 2016, the Alberta Government announced that it would be conducting a review of the province’s workers’ compensation system. Although the Workers’ Compensation Board (WCB) is not a government agency per se, the WCB was created by the Alberta Government to administer the Workers’ Compensation Act and as such, is responsible to ensure the WCB is operating as fairly, efficiently and effectively as possible. To that end, an independent three-member panel is conducting a formal review of the entire workers’ compensation system, including the WCB, the Appeals Commission and the Medical Panel Office. As part of the review, the Panel is looking at how things are done, how effective the process is, what is working, what is not, what needs to be improved and what needs to be changed. Further details regarding the review can be found in Working Together: A Guide to the Review of the Workers’ Compensation […]

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