The Yukon Workers' Compensation Health and Safety Board (YWCHSB) released its 2019 annual report to the public yesterday.
The report highlights the Board's strong funded position, the strides taken towards modernizing its governing legislation and explores a range of other activities the organization undertook throughout the year.
The funded position at the end of 2019 was 141 percent, up from 132 percent in 2018 and is expected to help reduce future assessment rate volatility and help cushion impacts on the rates that employers pay in the future.
Mark Pike, Chair of WCBs Board of Directors said in a statement "Our continued cautious and prudent financial approach has resulted in this strong funded position. As a result, we are well-positioned to navigate the COVID-19 pandemic. We are able to provide financial relief for those businesses who need it with no risk to those injured workers and their families who depend on the Compensation Fund now and into the future."
Andrew Robulak, Manger of Social Marketing and Communications says the public engagement activities over the past year have helped the Board get prepared to modernize the legislation and ensure workers in Yukon remain safe and healthy.
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Yukon Workers' Compensation Health and Safety Board's 2019 annual report is available at wcb.yk.ca/annualreport2019.