Yukon Workers' Compensation Health and Safety Board

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Early rates announcement sets a steady, stable course for Yukon employers

August 9, 2018

Delivering on a commitment made in June, the Yukon Workers’ Compensation Health and Safety Board (YWCHSB) is announcing industry classifications and assessment rates for the upcoming year two months earlier than normal. Rates are normally announced in the fall. By announcing them earlier in the year, YWCHSB is improving the delivery of services to employers.

Assessment rates will change moderately in 2019. The Services Low rate group will see the largest increase, going up 2.9% from $0.68 to $0.70. Services High will experience the largest rate decrease, going down 5.4% from $2.95 to $2.79. The Government rate group, which includes the Government of Yukon as well as First Nations and municipal governments, will rise 1.3% from $1.54 to $1.56.

YWCHSB’s Board of Directors is pleased that the adjustments in rates for 2019 are moderate while permitting the organization to continue delivering on its commitment to reduce the funded position so that it accurately represents the cost of operating the system. YWCHSB’s funded position has been reduced to 143% as of the end of 2017, down from its peak of 160% at the end of 2014. The target range of the funded position is between 121% and 129%.

Quotes

“The Board of Directors remains committed to bringing the organization’s funded position to within its target range. The moderate adjustment in rates for 2019 does not change this. Our approach, as always, is measured and prudent, and it ensures we are able to continue caring for workers who are injured in the workplace even as we bring the premiums employers pay in line with the actual cost of the system.

“The Board of Directors is pleased that we were able to streamline our rate-setting process this year and deliver the full suite of assessment rates for 2019 to employers earlier than normal. This will enhance employers’ financial and business planning capabilities and provide them more time to make informed business and operational decisions.”

-Board of Directors Chair, Mark Pike

“Caring for injured and ill workers costs money, and employers support the system that delivers that care. We know many Yukon employers are making strides with their workplace safety and prevention measures. It’s these sorts of positive efforts that keep workers safe and healthy, and can drive rates down.”

-President/CEO, Kurt Dieckmann

2019 Industry Classifications and Assessment Rates

Rate group 2018 rate 2019 rate Change
Resources & Transportation Low $3.25 $3.31 1.8%
Resources & Transportation Medium $4.66 $4.59 -1.5%
Resources & Transportation High $8.26 $8.17 -1.1%
Construction Medium $3.24 $3.20 -1.2%
Construction High $5.70 $5.54 -2.8%
Services Low $0.68 $0.70 2.9%
Services Medium $1.54 $1.56 1.3%
Services High $2.95 $2.79 -5.4%
Government $1.54 $1.56 1.3%

Contact

Andrew Robulack
867-335-6040
andrew.robulack@gov.yk.ca