Security Deposits
Effective Dates
December 31, 2009 - June 30, 2022
Policy Code
EA-12
General Information
The payment of employer assessments is a critical component of the workers’ compensation system. This is recognized under the Workers’ Compensation Act S.Y. 2008 (the "Act"), which provides Yukon Workers’ Compensation Health and Safety Board (YWCHSB) with the ability to collect security deposits from employers, where appropriate, to ensure that sufficient funds are available to meet the employer’s assessment obligations.
Purpose
This policy clarifies the means YWCHSB will use, when necessary, to collect and release security deposits. Security deposits assist in the protection and integrity of the Compensation Fund from employers at a high risk of defaulting on their assessments.
Prior Policies
Payment of Assessments
May 8, 2005 - June 30, 2008 | AS-20 | Policies prior to July 1, 2022Assessment Penalties
January 1, 1993 - May 8, 2005 | AS-20 | Policies prior to July 1, 2022Enforcement of Assessment Payments
November 9, 1993 - May 8, 2005 | AS-22 | Policies prior to July 1, 2022Enforcement of Assessment Payments
November 9, 1993 - May 8, 2005 | AS-22 | Policies prior to July 1, 2022Payment of Assessments
December 31, 2008 - December 31, 2009 | EA-01 | Policies prior to July 1, 2022Payment of Assessments
June 30, 2008 - December 31, 2008 | EA-01 | Policies prior to July 1, 2022