WCB Proposes 4.4% Drop in 2014 Average Premium Rate

The WCB today proposed a 4.4 per cent drop to its 2014 average premium rate, from $1.58 to $1.51 per hundred dollars of payroll. The announcement was made today at a Regina meeting with business leaders. The rate reduction is the seventh straight drop to the average premium rate and the lowest rate proposal since 1987. The rate has dropped 26.3 per cent since a high of $2.05 in 2004. The 2014 rate proposal means that Saskatchewan could have the fourth lowest average premium rate in Canada next year. WCB Chairperson Gordon Dobrowolsky explains the proposed reduction is driven by [...]