WCB proposes drop in premium rates for 11th year

Average preliminary rate suggests a 4% decrease from 2017, making it the lowest rate in over 30 years WCB expects the 2018 proposed average premium rate to be the 3rd lowest in Canada. The 2018 proposed average premium rate is expected to decrease to $1.19 from $1.24 in 2017. 94% of Saskatchewan employers will see a decrease or no change to their 2018 premium rate. In 2017, the Board approved the transition to the WCB’s enhanced rate model. The 2018 premium rates reflect the rate model transition.   REGINA, SK – The Saskatchewan Workers’ Compensation Board (WCB) has proposed a [...]