Newspaper article The Canadian Press

Saskatchewan WCB to Rebate $281 Million Surplus to Eligible Employers

Newspaper article The Canadian Press

Saskatchewan WCB to Rebate $281 Million Surplus to Eligible Employers

Article excerpt

Saskatchewan WCB to rebate $281 million

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REGINA - The Saskatchewan Workers' Compensation Board has decided to distribute its previously announced surplus in two instalments in July and December.

Chairman Gordon Dobrowolsky says half of the more than $281-million surplus will be distributed to eligible employers in July and the remaining half at the end of the year.

At the WCB's 2015 year end, the funded position was 144.7 per cent, which exceeds the target of 105 to 120 per cent.

Dobrowolsky says the increase was substantially due to investment income.

The move is being applauded by the Canadian Federation of Independent Business.

Spokeswoman Marilyn Braun-Pollon says while employers would have preferred an immediate rebate as opposed to two instalments, the federation commends them for going ahead with the rebate. …

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