Annuities (POL 01/2024 & PRO 01/2024)
This policy and procedure establishes guidelines for providing annuities to injured workers or dependent spouses to compensate for the reduction of retirement income caused by a workplace injury. The processes for annuity supplement requests have now been clarified. A process for providing annual adjustments to the annuity supplement has also been added. The adjustment will be based on the percentage increase in minimum compensation that will have been calculated and approved through Minimum Compensation (Section 75) procedure.