Truck News

News

Saskatchewan to raise WCB premiums

REGINA, Sask. -- Saskatchewan companies may have to shell out an additional 9.1 per cent in Workers' Compensation B...


REGINA, Sask. — Saskatchewan companies may have to shell out an additional 9.1 per cent in Workers’ Compensation Board (WCB) premiums next year.

The Crown Corporation has projected a $67-million operating deficit this year and chief executive officer, Peter Federko says a premium hike is necessary.

“With rate increases of 9.1 per cent we are able to put this organization back on solid financial ground,” he said at the board’s annual meeting.

The current rate is $1.75 for every $100 of assessable payroll, but that will likely climb to $1.91 by Jan. 1. However it’s likely that would be followed by a 6.8 per cent hike in 2004, much to the dismay of business groups.

The proposed premium hike is drawing criticism from businesses, especially since the WCB recently completed a $3.15-million renovation of its offices.

“That’s something a small employer just can’t relate to, the fact that they’re getting new rugs and new desks when their rates are going through the roof,” says Marilyn Braun-Pollon of the Canadian Federation of Independent Business.

The WCB says the changes were required to bring the building in line with occupational health and safety guidelines.


Truck News

Truck News

Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry.
All posts by

Print this page
Related Articles
TruckNews
TodaysTrucking


Have your say:

Your email address will not be published. Required fields are marked *

*