October 15, 2014
The WSIB has announced that premium rates will be maintained at current levels for all employers in 2015.

“Our board of directors’ decision to keep rates at current levels was made based on careful actuarial and financial analysis. The decision balances the needs of Ontario’s workers, while providing stability for employers as WSIB reviews its methods for setting premium rates in consultation with stakeholders to come up with the fairest and most effective solutions,” states a press release from WSIB.

The 2015 rates may be viewed online, at http://gfl.me/x2hH.

Results for the first quarter of 2014 show WSIB is moving toward meeting financial requirements set under government regulation last year.

WSIB is looking at changes to the premium rate setting process and experience rating in an effort to improve fairness in the way the system is funded.